J.P. Morgan proposal would streamline 401(k) options

11/9/2011 | Reuters

J.P. Morgan Asset Management proposed a new kind of 401(k) plan that would eliminate many of the fund choices now available, creating a simpler investing model. J.P. Morgan, which is talking about the idea with advisers and consultants to large 401(k) plans, said that under its proposal, employees who opt out of target-date funds would have three investment choices: an equities portfolio, bond funds and cash alternatives.

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