The Investment Company Institute
's Martin Flanagan
and Paul Schott Stevens
were on Wall Street Friday morning to ring the opening bell of the NYSE
, in a moment that highlighted the centrality of mutual funds to 401(k) plans.
Their appearance celebrated the 25th anniversary of the 401(k) plan as a savings vehicle, and "the role of mutual funds as America's retirement investment of choice," explained an ICI press release.
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