MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, January 31, 2012 Employers Shop for Discount 401k Funds from Fido and BofA The DoL's 401(k) participant fee disclosure regulations are due out in April, and discount-minded plan sponsors are shopping for more low-fee funds, the Wall Street Journal reports. The pub sites cites a Plan Sponsor Council of America (PSCA) survey completed last November of 600 employers. 67 percent had tweaked their 401(k) investment lineup, compared with about 10 percent in most years. Fidelity's Beth McHugh told the pub that her firm is seeing companies "doing more due diligence to make sure they're comparing what they have with what's available out there in the marketplace." And Kevin Crain, head of Bank of America Merrill Lynch's institutional retirement business, added that his firm had a record number of requests for proposals in 2011. Printed from: MFWire.com/story.asp?s=38985 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |