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.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.