by Erin Arvedlund, Inquirer Staff Writer
At Vanguard, which popularized the S&P 500 index funds, workers will no longer be able to choose that option in their 401(k) retirement plan.
The S&P 500 index fund, one of the low-cost examples of passive investing that put the firm on the investing map, will be dropped this month from the mutual fund giant’s menu of options for its employees’ 401(k) plans.
Effective June 25, the following investments will be removed from Vanguard’s 401(k) retirement plan:
Do you have any of these funds in your retirement accounts?