Wal-mart (WFM) Talking to Different Admins Over $15.6B 401(k) Program (BAC) (WFC)
Get Alerts BAC Hot Sheet
Price: $37.73 +2.06%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 2.8%
Revenue Growth %: -1.9%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 2.8%
Revenue Growth %: -1.9%
Join SI Premium – FREE
Wells Fargo (NYSE: WFC) and Bank of America's (NYSE: BAC) Merrill Lynch (BAML) unit are two of a handful of firms vying to run Wal-mart's (NYSE: WMT) massive 401(k) program.
Reuters said today that BAML has run the $15.6 billion plan for the past 15 years.
It wasn't made clear why Wal-mart was looking for a different plan administrator. It is the largest private private-sector plan in the U.S.
Shares of Wal-mart are higher in late trading, while BofA and Wells are flat.
Reuters said today that BAML has run the $15.6 billion plan for the past 15 years.
It wasn't made clear why Wal-mart was looking for a different plan administrator. It is the largest private private-sector plan in the U.S.
Shares of Wal-mart are higher in late trading, while BofA and Wells are flat.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Active options: BAC META SOFI TSM NIO DAL SMCI MSFT
- Viking Holdings (VIK) Announces 44M Share IPO at $21-$25/sh
- Rubrik IPO: 5 key things to know
Create E-mail Alert Related Categories
Insiders' BlogRelated Entities
Wells FargoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!