BlackRock to offer customizable target-date 401(k) funds with private assets
BlackRock said it will work with corporate clients to build customizable 401(k) target-date funds that can include slices of public securities and private assets, and annuities, according to the WSJ.
BlackRock said it will work with corporate clients to build customizable funds for 401(k) plans that can include allocations to public stocks and bonds, as well as private assets, giving American workers a way to invest more like a multibillion-dollar pension.