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February 25, 2013

Schwab shows big savings with all-index fund 401(k)

AP Business Writer

Schwab Retirement Plan Services says that employees who enrolled in an all-index fund 401(k) plan launched by the company about a year ago saw the expenses on their funds drop nearly 80 percent.

The company said that fund expenses for investors in the plan, dubbed Schwab Index Advantage, fell 77 percent to $14.78 per $10,000 invested.

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