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Charles Schwab Delays Rollout of all-ETF 401(k)

Oct. 8, 2013
Brokers, Investing
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  • Charles Schwab has delayed the rollout of their all-ETF 401(k) retirement platform. The online discount broker and investment management firm planned to launch an ETF retirement plan by the end of the year, but has experienced a number of setbacks leading to speculation that the company may be struggling to overcome technical issues. While there are still questions that surround whether trading ETFs intraday are appropriate investment vehicles for retirement plans, the low cost and transparency of ETFs have made the Schwab’s offering an interesting addition to the 401(k) landscape.