Schwab launches bundled 401(k) product
Schwab's new bundled 401(k), Index Advantage, will offer 40 low-cost funds covering about 16 asset classes.
In a move sure to drive the trend toward lower-cost 401(k) plans, The Charles Schwab Corp. will introduce a bundled 401(k) product that offers low-cost index funds.
Called Index Advantage, the plan will offer 40 funds covering about 16 asset classes, said Mike Peterson, a Schwab spokesman. The prod
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