American Funds and T. Rowe Price are among the other target-date fund companies being probed, state regulators announced.
The strategy leans heavily on fixed-income solutions to offer financial advice to people with limited assets.
The nation's largest asset manager is embedding an annuity in target-date funds.
The service, which the firms expect to roll out this fall, offers four diversified managed account portfolios.
Advisors also are warming up to annuities, the BlackRock survey says.
The firm is expanding its target-date fund offerings to more clients.
Only three-in-ten have been focusing on their retirement portfolio during the pandemic.
Millennial and Gen X breadwinners are targeting a retirement age of 55.
Plans have already evolved to include auto-enrollment, auto-escalation and default investment alternatives.
The product is part of a series being created for retirement and saving.
Many Americans have misconceptions about certain key investment concepts, a recent MFS survey said.
According to a 2018 Federal report, one in four non-retired households had no retirement savings at all.
Nearly three-quarters of workers are failing to calculate how much they need for retirement, according to MoneyRates.
Quest Diagnostics is being accused of violating its fiduciary duties by using the funds in its retirement plan.
While some investors panicked, Vanguard said its retirement plan participants stayed the course.
LifePath Paycheck will use annuities in target-date strategies for retirement plan participants.
Automatic enrollment plan features are helping clients save for retirement, a NEPC survey says.
Retirement-plan sponsors can help close this alarming gap, say researchers.
Retirement plan sponsors, however, are more fearful of market risk, according to a survey by American Century Investments.
The nation's retirement assets are up more than 7 percent since the end of last year, a new report says.