MutualFundWire.com: Wall Street Tolls 25 Years of Funds in 401(k)s
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Friday, June 2, 2006

Wall Street Tolls 25 Years of Funds in 401(k)s


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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