Nearly 52% of PCRA participant are 50 years old and up while 30% are between 40 and 49 years old.
Three out of five investors want ETFs in their 401(k) plans with 37% saying they believe ETFs would give them “the ability to invest in market segments that are more accessible than mutual funds,” according to a separate Schwab study released last week. [Investors Want More ETFs]
Earlier this year, Schwab Retirement Plan Services launched a full-service 401(k) program based on low-cost exchange-traded funds.
Schwab Retirement Plans Services is making 80 ETFs from 11 providers available in its new 401(k) ETF platform. In addition to Schwab ETFs, plan participants can choose from ETFs offered by ETF Securities, First Trust, Guggenheim Investments, Invesco PowerShares, iShares ETFs, PIMCO, State Street Global Advisors, Van Eck Global, Vanguard and United States Commodity Funds. [Schwab Launches ETF 401(k) Effort]
Tom Lydon’s clients own shares of GLD and SPY.