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Bank of America Moves Its $19 Billion 401(k) Plan In-House
Reuters
Nov. 7, 2013 "Bank of America is moving its $19 billion 401(k) plan to its own Bank of America Merrill Lynch institutional retirement platform early in 2015, six years after the bank bought Merrill Lynch. Bank of America's 401(k) plan, which serves more than 300,000 participants, is currently managed by Fidelity Investments.... Fidelity will continue to oversee the administration of Bank of America's defined benefit pension plan and transferred savings account defined contribution plan ... Bank of America is moving its Countrywide Pension Plan participants into their defined benefit plan at Fidelity." MORE >> |
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