Bank of America Merrill Lynch said that it saw increased 401(k) participation through its plan sponsors both in the fourth quarter and 2011 year, signaling a positive outlook for the tweaks it has made to its offerings and confidence in the overall economy.

Plan participants took the most positive action when it came to their 401(k) contributions—starting or increasing their savings—in the fourth quarter compared to the rest of the year, with 81%, or 442,470 participants, versus 19%, or 107,170, who decreased or stopped their savings.

Register or login for access to this item and much more

All On Wall Street content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access