401(k) investors may be using a robo-advisor — and not even know it


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Americans saving in a 401(k) plan may have money stashed in a robo-advisor — and they might not even know it.

Robo-advice is basically professional money management guided by an algorithm (a robot, so to speak), largely allowing investors to be hands-off.

Companies offering a retirement benefit are increasingly enrolling employees into 401(k) plans automatically. Most are diverted to some type of robo-advisor.

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About 60% of 401(k) plans used…


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