A crisis is a terrible thing to waste
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How the COVID-19 pandemic could change the 401(k) market
After the 2008-2009 financial meltdown, there were massive changes in the 401(k) and 403(b) industry. More wealth managers began to see the defined-contribution market as a hedge for their businesses as their individual clients pulled money out of the market.
They earned less from DC plans than f
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