A looming presidential election and fiscal cliff were not enough to dissuade employees from taking positive savings actions in their 401(k)s, according to Bank of America Merrill Lynchs latest quarterly numbers for its retirement and benefit plan services business.
For the quarter ending Sept. 30, 2012, more than 141,000 employees started or increased their participation in the retirement plans provided through plan sponsors. Those results for the third quarter nearly matched the firms second quarter results that saw more than 142,000 who started or increased contributions to their retirement plans.
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