Trillions in Retirement Dollars Flow into Opaque Trusts
TLDR
- A fast-growing 401(k) investment product channels retirement savings into opaque trusts, giving asset managers expanded access to private markets.
Key Takeaways
- The product category is described as “little-talked about” despite managing trillions in 401(k) assets.
- Asset managers use these trust structures to increase exposure to private markets within retirement accounts.
- The opaque nature of the trusts raises implicit transparency and oversight concerns for retirement savers.
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