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...In some cases, when anti-ESG and boycott laws passed, public pension fund trustees balked at being forced to move money, saying it would violate their fiduciary duty to put investors first....
...It means that managers can continue to offer mutual funds to users of retirement schemes such as 401(k) plans, which give equal tax status to ETFs and mutual funds....
...Many recordkeepers still do not offer ETFs in 401(k) accounts because of operational issues. But it is not just ETFs that are taking money from mutual funds....
...Instead, employers offered to match their workers’ contributions to a slate of mutual funds inside a tax-advantaged retirement plan, usually known as a 401(k) after the relevant section of the tax code....
...“ETFs are generally excluded from the approximately $6.6tn 401(k) marketplace primarily due to technology limitations of 401(k) record-keeping systems,” it said in the filing....
..., adding that it would solve an “enormous problem” for traditional mutual fund companies with significant assets in retirement plans such as 401(k)s that do not use ETFs....
...The legislation would allow ordinary Americans to more easily allocate their 401(k) contributions towards private equity funds, an asset class previously unavailable....
...In recent months Schroders picked up a stake in the crypto-focused fund manager Forteus while Fidelity announced it would allow investors to add cryptocurrencies to their portfolios in 401(k) retirement...
...Public.com lets users trade both shares and crypto. In May fund manager Fidelity announced it would allow investors to add cryptocurrencies to their portfolios in 401(k) retirement schemes....
...While a number of big asset managers offer robo-advisers to retail clients, NextCapital is unusual in that it provides services within 401(k) plans....
...In addition, some investors may hold active funds in tax-deferred accounts such as 401(k)s or IRAs, or be unconcerned about tax....
...(k) pension funds, individual retirement accounts and brokerage accounts....
...Across the Atlantic, regulatory changes have made it possible for so-called mom-and-pop investors to gain access to private equity via their defined contribution pension plans, the 401(k)....
...Kelly says a move by the US government to allow private equity to be included in 401(k) pension plans — which let individuals choose the assets they hold — should add to demand for training....
...Auto-enrolment schemes where employers contributed alongside employees, similar to existing 401(k) plans, would deliver higher pension benefits but were likely to capture fewer workers because more companies...
...and among this year’s FT 401 advisers....
...Between pandemic-related market volatility and the government’s resulting stimulus package, 401(k) plan sponsors have no shortage of questions for their advisers....
...The pair in 2013 launched private equity funds with daily pricing and liquidity that were designed to be slotted into investments in 401(k) plans, but regulatory uncertainty and fear of litigation had limited...
...401(k) accounts market....
...More than 100m US participants save into DC retirement schemes and 401(k) plans, representing about $6.2tn in assets, almost a fifth of the total US pension market....
...The US authorities are thinking of letting the American public loose on private equity with their 401(k) pension plans. Retail investors need to know what they are getting into....
...Local news outlets reported that police later uncovered an elaborate scheme involving an impersonator adding a bank account to the retirement fund and transferring its contents....
...401(k) plans....
...Molasses runs downhill faster than the US 401(k) industry adapts to new investment trends, according to pension advisers....
...It now makes the bulk of its money running 401(k) retirement plans and other employee benefits offerings. These services generate steady fees from captive assets....
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