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BlackRock Launches Guaranteed-Paycheck ETFs; 401(k) Plan Participants May Yet Balk at High, Unseeable Fees and Intangibility of Benefits
RIABiz 
May 14, 2024 "Big recordkeepers greenlit Wall Street asset manager's novel 'Paychecks' product, with BlackRock expressing ambitions to also expand the product to non-retirement accounts.... BlackRock is off to a flying 401(k) start with its launch of a best-of-both-worlds pension product that combines a target-date ETF with an annuity -- but its opacity and complexity could give investors pause." |
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