Charles Schwab Corporation continues to tout low fees with the announcement of first-year results for Schwab Index Advantage.
By tracking index-based mutual funds in particular, Schwab Index Advantage lowers costs on the overall 401(k) platform. The industry's only index-based retirement platform is a precursor to the ETF-based 401(k) plan that Schwab Retirement Plan Services announced in January 2012, which will launch toward the end of this year, said spokesman Eric Hazard.
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