BOSTON -- Putnam Investments rolled out a full-service 401(k) package for small businesses last week, in a move toward capturing more of the retirement-planning market.

The Boston-based mutual fund giant expects banks to become a major distribution channel for the product over the next few years.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.