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Wal-Mart Keeps Bank of America to Run $18 Billion 401(k) Plan
Chicago Tribune 
Dec. 3, 2013 "Wal-Mart Stores Inc is sticking with Bank of America's Merrill Lynch unit to run its 401(k) program with $18 billion in assets ... Earlier this year, the ... retailer put its retirement plan -- the largest private plan in the U.S. in terms of participants -- up for review.... The average Wal-Mart employee has about $18,000 in their retirement account, according to BrightScope ... That's much smaller than the average worker's account balance of about $84,000 at the end of the third quarter[.]" MORE >> |
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