Bitcoin is coming to 401(k) plans. But not your target-date fund

Bitcoin is coming to 401(k) plans. But not your target-date fund

Crypto may be coming to your 401(k) plan. But the same isn't true of target-date funds — at least not yet. Target-date funds are the most popular investments in workplace retirement plans. They hold a mix of stocks, bonds and other securities, growing more conservative over time as investors approach retirement. But cryptocurrencies like don't appear to factor among those holdings — and likely won't for at least three years to five years, according to investment and retirement experts. The 10 largest target-date managers by assets confirmed to CNBC that they don't allocate money to crypto in their TDFs. Fidelity Investments is among them. That's notable because the firm announced in April that it would be the first 401(k) administrator to let employers , which would sit alongside the one or two dozen others employers generally make available to workers. But the firm, the second-largest target-date fund manager, doesn't have plans to add a crypto allocation to its TDFs, according to spokeswoman Claire Putzeys. The firm managed about $460 billion in target-date assets at the end of 2021, according to Morningstar. Putzeys declined additional comment for this story. "It's something to watch but a ways out," David Ireland, a senior