American Funds, Empower forge partnership on 401(k) managed accounts

This means American Funds can automatically keep more funds in-house rather than see those assets roll to another asset manager, either in or out of the 401(k) plan, said Neil Bathon, managing partner at FUSE Research Network. That’s especially true of a “decision point,” such as approaching retirement age, when a participant may consider rolling assets to another product like an annuity, he added.

For the complete article, click here.

Article Published on April 26, 2019