U.S. Bancorp is targeting small and medium-size companies with a low-cost 401(k) retirement plan that spotlights four new mutual funds.

The Portland, Ore., banking company launched its new 401(k) offering this month, following the Securities and Exchange Commission's approval of its plan to create four "funds of funds" - mutual funds that achieve an extra measure of diversification by investing in other mutual funds.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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