Bank of America launched the Merrill Edge Small Business 401(k) for small business owners who generally have 401(k) plan assets under $250,000.
The 401(k) plan is self-serviced and managed online, giving small business owners secure access when and where it is convenient for them. Other features and benefits include:
Access to 401(k) specialists to help with online plan setup Web-based 401(k) recordkeeping administration Transparent fees to help assess the right plan for their business A streamlined investment menu Online resources and education Access to daily online statements and account performance details.
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