They're barely a blip on the radar screen in 401(k)s, but exchange-traded funds are looking to expand their presence in the retirement market.
According to a Cerulli report, more ETF sponsors are focusing their distribution eorts on small- and midsized dened contribution (DC) plans (those with assets less than $250 million).
Currently, ETFs constitute less than half of one percent of the investment vehicles in use in 401(k) plans, but both record keeper Schwab and robo-advisor Betterment have recently rolled out managed account options with ETFs for 401(k).
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