KPMG 🐟, what's the difference btw the Bank of America 401k plan and the KOMg 401k plan? Why are there two 401k options??

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You invest in The 401k and the firm matches. Pension plan is something the firm pays for you

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Somewhat off topic, but I went in today and moved my 401(k) money from active funds to The vanguard KPMG passive fund. Saving between 1/2 to 1% annually in fees, and a better return with the passive fund. I am having a hard time understanding why anyone would choose the active mutual funds

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I don't think that you contribute to the pension plan, it is done by the company on your behalf.

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BoA (legacy ML) is the 401k plan and the other one is KPMG pension plan

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Which one receives company matching? Can you invest in both. Sorry, new to the firm.

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