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Advisors can gain a competitive edge in the defined contribution market by promoting the merits of automatic enrollment, recommending innovate income producing products for retirees, and selecting attractive default investment options, reports

McKinsey & Co., meanwhile, projects assets in 401(k) plans will grow from $3.5 trillion as of 2012 to $5.5 trillion in 2015.

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Last modified on Thursday, 06 June 2013
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