Bank of America Merrill Lynch released a new 401(k) report that shows that more employees are taking positive actions to save towards retirement, while financial advisors can have a direct impact on continuing that trend going forward.
In the fourth quarter of last year, 81% of employees either started or increased the money they put towards their 401(k), while 19% either stopped or decreased their contributions. The study measures the activity of more than 2.5 million employees who are using the firms plans.
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