BlackRock CEO Says Your 401(k) Could Get a Major Upgrade This Year |
The giant asset manager announced plans for a new target-date 401(k) that taps into private markets.
BY LEILA SHERIDAN, NEWS WRITER
Lawrence Fink. Photos: Getty Images
For BlackRock CEO Lawrence Fink, the modern 401(k) is due for an upgrade. Later this year, BlackRock plans to roll out what it says will be the first LifePath target-date retirement fund to include private market investments.
“Most Americans’ only........