BlackRock CEO calls for more private assets in 401(k) plans, in letter to investors
Larry Fink, CEO of the world’s largest asset management firm, said "unlocking private markets" is key, and asks investors in his annual letter, “If private assets perform so well, why aren't they in your 401(k)?”
By Lynn Cavanaugh |
April 02, 2025 at 09:36 AM
X
Thank you for sharing!
Your article was successfully shared with the contacts you provided.
Larry Fink, chief executive officer of BlackRock, during the 2025 National Retirement Summit in Washington, DC, on March 12, 2025. Photo: Al Drago/Bloomberg
Larry Fink, CEO of BlackRock, the world’s largest asset management firm with more than $11 trillion in assets under management in 2024, argued that retirement plan access needs to be expanded and, more specifically, 401(k) plans should invest more in private assets, in his annual letter to investors.
“Private assets like real estate and infrastructure can lift returns and protect investors during market downturns,” he said. “Pension funds have invested in these assets for decades, but 401(k)s haven’t. It’s one reason why pensions typically outperform 401(k)s by about 0.5% each year.
Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.
Your access to unlimited BenefitsPRO.com content isn’t changing. Once you are an ALM digital member, you’ll receive:
Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Inaccurate provider data can lead to frustrated clients and stress on your business relationships. These are the top do’s and don’ts to ensure the data you rely on as a benefits advisor is as accurate and helpful as possible.
Employers are revamping their benefits strategies--but are they offering what employees truly want? Discover the seven key elements shaping workplace benefits in 2025 to help your clients enhance satisfaction, retention, and enrollment.
In 2025, you are uniquely positioned to make a real difference for your clients--both financially and in the wellness of their employees. Full of tips ranging from goal setting to relationship building, this is your guide to being a better partner this year, and beyond.