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Wachovia To Serve Small 401(k) Plans

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NU Online News Service, Jan. 26, 2005, 5:07 p.m. EST

A giant Charlotte, N.C., bank wants to do business with more retirement plans.[@@]

The bank, Wachovia Corp., says it now will sell retirement services to businesses with $500,000 to $3 million in 401(k) plan assets.

The company’s program for small plans will include a flexible investment menu and a managed account option, Wachovia says.