BlackRock’s LifePath Paycheck™ Closes 2024 with $16B in AUM
BlackRock's LifePath Paycheck™ has emerged as the fastest-growing lifetime income target-date strategy in the defined contribution market, accumulating $16B in assets under management since its April 2024 launch. The solution, now implemented across six employer retirement plans including Avangrid, Adventist HealthCare, Tennessee Valley Retirement System, and BlackRock itself, provides guaranteed lifetime income options to over 200,000 eligible U.S. workers.
The program allows plan participants to access guaranteed income starting at age 59½ through annuity contracts issued by Equitable and Brighthouse Financial. The solution is available on Fidelity Investments and Bank of America platforms, with Voya Financial planning to add support. Notably, the solution addresses a critical need, as BlackRock's Read on Retirement® survey reveals that 60% of workers worry about outliving their retirement savings, and 99% value guaranteed retirement income.
BlackRock's LifePath Paycheck™ è emersa come la strategia di reddito a lungo termine a data obiettivo in più rapida crescita nel mercato dei piani pensionistici a contribuzione definita, accumulando 16 miliardi di dollari in attività gestite dal suo lancio nell'aprile 2024. La soluzione, ora implementata in sei piani pensionistici aziendali tra cui Avangrid, Adventist HealthCare, Tennessee Valley Retirement System e BlackRock stessa, fornisce opzioni di reddito garantito a vita per oltre 200.000 lavoratori americani idonei.
Il programma consente ai partecipanti di accedere a un reddito garantito a partire dall'età di 59½ attraverso contratti di rendita emessi da Equitable e Brighthouse Financial. La soluzione è disponibile sulle piattaforme di Fidelity Investments e Bank of America, con Voya Financial che prevede di aggiungere supporto. È importante notare che la soluzione risponde a un'esigenza critica, poiché il sondaggio di BlackRock Read on Retirement® rivela che il 60% dei lavoratori è preoccupato di vivere più a lungo dei propri risparmi pensionistici, e il 99% valuta il reddito pensionistico garantito.
LifePath Paycheck™ de BlackRock se ha convertido en la estrategia de ingresos vitalicios de fecha objetivo de más rápido crecimiento en el mercado de contribución definida, acumulando 16 mil millones de dólares en activos bajo gestión desde su lanzamiento en abril de 2024. La solución, ahora implementada en seis planes de jubilación de empleadores, incluidos Avangrid, Adventist HealthCare, Tennessee Valley Retirement System y BlackRock, ofrece opciones de ingresos garantizados de por vida para más de 200,000 trabajadores estadounidenses elegibles.
El programa permite a los participantes acceder a ingresos garantizados a partir de los 59½ años a través de contratos de anualidades emitidos por Equitable y Brighthouse Financial. La solución está disponible en las plataformas de Fidelity Investments y Bank of America, con Voya Financial planeando añadir soporte. Es notable que la solución aborda una necesidad crítica, ya que la encuesta Read on Retirement® de BlackRock revela que el 60% de los trabajadores teme quedarse sin ahorros para la jubilación, y el 99% valora el ingreso garantizado de jubilación.
블랙록의 LifePath Paycheck™는 확정기여 시장에서 가장 빠르게 성장하는 평생 소득 목표 날짜 전략으로 부상하여 2024년 4월 출시 이후 160억 달러의 운용 자산을 축적했습니다. 이 솔루션은 Avangrid, Adventist HealthCare, Tennessee Valley Retirement System 그리고 블랙록 자체를 포함한 여섯 개의 고용주 퇴직 계획에 구현되어 있으며, 20만 명 이상의 미국 근로자에게 평생 소득 옵션을 제공합니다.
이 프로그램은 참여자들이 Equitable과 Brighthouse Financial에서 발행한 연금 계약을 통해 59½세부터 보장된 소득에 접근할 수 있도록 합니다. 이 솔루션은 Fidelity Investments와 Bank of America 플랫폼에서 이용 가능하며, Voya Financial도 지원을 추가할 계획입니다. 특히 이 솔루션은 블랙록의 Read on Retirement® 설문조사에서 밝혀진 바와 같이, 60%의 근로자가 퇴직 저축을 초과하여 생활할까 두려워하고 있으며, 99%가 보장된 퇴직 소득의 가치를 중요시한다는 점에서 중요한 필요를 해결합니다.
LifePath Paycheck™ de BlackRock est devenue la stratégie de revenu à vie à date cible à la croissance la plus rapide sur le marché de la contribution définie, accumulant 16 milliards de dollars d'actifs sous gestion depuis son lancement en avril 2024. La solution, désormais mise en œuvre dans six plans de retraite d'employeurs, dont Avangrid, Adventist HealthCare, le Tennessee Valley Retirement System et BlackRock lui-même, offre des options de revenu viager garanti à plus de 200 000 travailleurs américains éligibles.
Le programme permet aux participants d'accéder à un revenu garanti à partir de 59 ans et demi par l'intermédiaire de contrats de rentes émis par Equitable et Brighthouse Financial. La solution est disponible sur les plateformes Fidelity Investments et Bank of America, Voya Financial prévoyant d'ajouter un soutien. Il est à noter que cette solution répond à un besoin critique, car l'enquête Read on Retirement® de BlackRock révèle que 60% des travailleurs s'inquiètent de vivre plus longtemps que leurs économies de retraite, et que 99% valorisent un revenu de retraite garanti.
BlackRock's LifePath Paycheck™ hat sich als die am schnellsten wachsende Strategie für lebenslange Einkommensziele im Bereich der beitragsorientierten Altersvorsorge etabliert und hat seit dem Start im April 2024 16 Milliarden Dollar an verwaltetem Vermögen angesammelt. Die Lösung, die jetzt in sechs betrieblichen Rentenplänen implementiert ist, darunter Avangrid, Adventist HealthCare, das Tennessee Valley Retirement System und BlackRock selbst, bietet über 200.000 berechtigten US-Arbeitnehmern garantierte lebenslange Einkommensoptionen.
Das Programm ermöglicht es den Planteilnehmern, ab einem Alter von 59½ Jahren durch von Equitable und Brighthouse Financial ausgegebene Rentenverträge auf garantierte Einkünfte zuzugreifen. Die Lösung ist auf den Plattformen von Fidelity Investments und Bank of America verfügbar, und Voya Financial plant, Unterstützung hinzuzufügen. Bemerkenswert ist, dass die Lösung ein kritisches Bedürfnis anspricht, da die BlackRock-Umfrage Read on Retirement® zeigt, dass 60% der Arbeitnehmer befürchten, ihre Ersparnisse im Ruhestand zu überleben, und 99% garantierte Altersrenten einkommensschätzen.
- Rapid growth to $16B AUM in less than a year
- Successfully onboarded six major employer retirement plans
- Platform integration with major financial institutions (Fidelity, Bank of America)
- No additional fees for annuity contract purchases
- Access to over 200,000 eligible U.S. workers
- None.
Insights
BlackRock's LifePath Paycheck™ has demonstrated remarkable market penetration, accumulating
The platform's integration with major recordkeepers like Fidelity Investments and Bank of America, plus the planned expansion to Voya Financial, creates a robust distribution network that could accelerate AUM growth exponentially. The zero-fee structure for annuity contracts removes a significant barrier to adoption, potentially disrupting traditional annuity pricing models while positioning BlackRock to capture substantial market share in the
This product launch addresses a critical market gap in retirement solutions, particularly given demographic trends showing increased longevity. The partnership with established insurers Equitable and Brighthouse Financial provides important credibility to the guaranteed income component. The
The integration of lifetime income options within a target-date framework represents a significant innovation in product design. By eliminating additional annuity fees and simplifying implementation, BlackRock has effectively removed key barriers that have historically prevented wider adoption of guaranteed income solutions in defined contribution plans. This could reshape the competitive landscape of the retirement solutions market.
Retirement solution is now the fastest-growing lifetime income target-date strategy in the defined contribution market1
The LifePath Paycheck solution provides plan participants with the option for a guaranteed stream of income for life, payable by insurers, and is now available as an investment selection for more than 200,000 eligible
As more Americans live longer, nearly two-thirds (
“As a pioneer in retirement innovation, BlackRock is creating new solutions for current and future generations of employees, many of whom are expected to live into the next century. LifePath Paycheck addresses the need for strategies that provide access to predictable, guaranteed income throughout retirement,” said Mark McCombe, Vice Chairman, BlackRock.
BlackRock’s survey found that nearly all (
“We want to take care of our team members at every stage of their career, including retirement. Implementing LifePath Paycheck helped us easily integrate retirement planning into our existing benefit offerings,” said Rob Roy, Member of the Investment Committee for Adventist HealthCare Retirement Plans.
“The retirement savings and spending challenges of today’s workers will be different from those of previous decades. Forward thinking employers know that retirement income is a game changer in the war for talent,” said Rob Crothers, Head of
About BlackRock
BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to our asset management clients and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock
Disclosures
Statement from Adventist HealthCare Retirement Plans is based on unique experience from current client and may not be representative of all client experiences. No cash or non-cash compensation was provided in exchange for this statement.
This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities, funds or strategies to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. The opinions expressed are subject to change without notice. Reliance upon information in this material is at the sole discretion of the reader. Investing involves risks.
©2025 BlackRock, Inc. or its affiliates. All Rights Reserved. BLACKROCK and LIFEPATH PAYCHECK are trademarks of BlackRock, Inc., or its affiliates. All other trademarks are those of their respective owners.
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1 Sourced from publicly available data, media statements and announcements from providers of lifetime income investment solutions currently available in market through employer plan sponsor defined contribution plans.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250113416444/en/
Media Contacts
Thomasin Bentley
thomasin.bentley@blackrock.com
+1 (646) 231-1769
Andreia Cheong-A-Shack
Andreia.cheongashack@blackrock.com
+1 (646)-634-5568
Source: BlackRock
FAQ
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