The firms will collaborate on a single product that will invest in private equity, private credit and real assets for 401(k) and other workplace defined-contribution plans. The product, called ABC [ONE], is designed to be implemented alongside existing target-date funds or managed accounts, and investors’ exposures to the underlying asset classes will be adjusted depending on when they’re expected to retire.
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AllianceBernstein teams with Brookfield, Carlyle on 401(k) push
“We think what is going to be successful in the 401(k) space is to have a diversified, straightforward solution,” Bill Ryan, Carlyle’s head of retirement solutions, said in an interview. “Plan sponsors and consultants need to understand it and that’s the biggest barrier to entry.”
