Bank of America today released a its own version of a multiple employer plan for small businesses, dubbed Merrill Edge Small Business 401(k), targeting plan sponsors with 401(k) plan assets under $250,000.

The Merrill Edge Small Business 401(k) features include: Web-based 401(k) recordkeeping administration services provided by Plan Administrators, Inc.; Transparent fees; and an investment menu selected by Morningstar Associates, LLC, who assumes investment fiduciary responsibility.

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