X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Ted Benna, creator of the first 401(k) plan and now president of an association charged with their preservation and growth, was shaking his head in disbelief. He had just visited a company that planned to merge its $33 million 401(k), featuring a line of funds from Merrill Lynch, with the plan of another company it was about to acquire. The acquirer’s first action: To make for an orderly administrative transition, it was going to order the company it was absorbing to liquidate its retirement savings investments with Fidelity Investments and shift to Merrill.

Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.