Schwab Retirement Plan Services, a 401(k) provider to 1.6 million workers saving through company retirement plans, today announced the addition of Morningstar Associates, LLC, as a managed account provider for Schwab Index Advantage.
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Employers will be able to choose Morningstar’s managed account services once the integration with Schwab Index Advantage is completed, which is expected later this year. Schwab Index Advantage is a retirement plan solution combining low fund investment expenses with personalized recommendations and investment management for retirement.
Schwab also announced that it would be providing ETF in its Index Advantage program as well as index mutual funds.