More ETFs Expected to Be Invested In 401(k)s
From the Desk of Jim Eccleston at Eccleston Law Offices:
Given the advantages of low operating expenses and ability to access asset classes that are not otherwise accessible via index mutual funds, more ETFs are expected to be invested 401(k) retirement plans.
Recently, Schwab launched an ETF-version of Schwab Index Advantage, a 401(k) retirement program employing index-based mutual funds launched in 2012. The new version includes about 80 index-based ETFs in 26 asset categories from nearly a dozen firms, including Charles Schwab Investment Management.
This ETF-version of Schwab Index Advantage utilizes a process that integrates the 401(k) record keeping system, bank, trust, custody services, and broker-dealer services.That facilitates intraday trading and valuation.
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