Driven by the success of exchange-traded fund provider BlackRock, ETFs appear to be gaining notable market share in 401(k) plans, and while their use so far has primarily been among small companies, once the trend catches on among larger employers, ETFs’ popularity in 401(k) plans could become quite notable.TheStreet.com reports.
Of the $2.7 trillion Americans have in 401(k) plans, $2 trillion is in mutual funds, according to the Profit Sharing/401(k) Council of America. The remaining $700 billion is in a number of other investment choices, including collective investment trusts, separately managed accounts and ETFs.
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