The giant asset manager announced plans for a new target-date 401(k) that taps into private markets.

BY LEILA SHERIDAN, NEWS WRITER

Lawrence Fink. Photos: Getty Images

For BlackRock CEO Lawrence Fink, the modern 401(k) is due for an upgrade. Later this year, BlackRock plans to roll out what it says will be the first LifePath target-date retirement fund to include private market investments.

“Most Americans’ only........

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