Cost-effective exchange-traded funds, relatively unknown in the 401(k) market, are now a reality for the 1.3 million retirement plan participants of Charles Schwabs Schwab Retirement Plan Services, Inc.
Boasting low cost and flexibility, ETFs have been a known investment diversifier for individuals and institutional investors because of their ability to hold various market exposures and intra-day trades. Now, as the national 401(k) service provider begins its offering to the defined contribution market, Charles Schwab says its new ETF platform can benefit both plan sponsors and employees with low fees and more diversification.
