Exchange-traded funds have made little headway in 401(k) plans even as they’ve steadily gained market share in other accounts.
Exchange-traded funds have become popular with investors, but haven't gained much ground in workplace retirement plans.Streaming 24/7: Watch NBC 5 local news and weather for free wherever you are
"It's the final frontier , in the sense of trying to capture the next big pool of money," said Chao, the founder of Experiential Wealth, based in Cabin John, Maryland.About 65% of 401 assets were invested in mutual funds at the end of 2023, according to ICI data. The group doesn't report a corresponding statistic for ETFs.
The tax code already gives 401 accounts a preferential tax treatment, making an ETF advantage relative to capital gains tax a moot point, he said. Company officials choose what investment funds to offer their 401 participants — meaning investors who want ETFs may not have them available.
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