Retirement income you can rely on

People work, and plan, and save because they know that life doesn’t stop in retirement. Yet even with the best preparation, many are still at risk of outliving their savings. Longer lives and economic headwinds have made the path to a secure retirement ever more challenging. And people are looking for help answering the question, how do I make my money last?

Introducing LifePath Paycheck™, the next evolution of Target Date solutions. Providing participants with the option to purchase lifetime income from insurance companies selected by BlackRock, complete with an accompanying digital experience.

Like a traditional target date strategy, LifePath Paycheck™ becomes more conservative over time, but it doesn’t stop at just stocks and bonds. It starts allocating to a new asset class called “lifetime income” beginning in the year a participant turns age 55 – which, at retirement, can then be used to purchase the annuities from the selected insurers.

That means, in retirement, participants receive a paycheck they can count on every month, every year, for life.

And with the MyLifePath™ digital experience, participants get a clear picture of how today’s contributions can translate to tomorrow’s retirement income, shifting mindsets and encouraging positive savings behaviors to help participants reach their retirement goals. So, when they retire, they can afford their life they life just as they do today.

Managed by BlackRock, the LifePath Paycheck™ solution and the MyLifePath™ digital experience.

Driving towards a simpler, more secure path to retirement by providing participants with a paycheck for life. 

DISCLOSURES

The LPP solution includes an accompanying digital portal known as MyLifePath® (“MLP”). There are no guarantees that the features of the LPP solution or MLP digital experience will be implemented as they are described herein. The LPP solution is subject to, among other things plan sponsor adoption and implementation considerations. The LPP solution is currently available to U.S. employer-sponsored defined contribution plans qualified under Sections 401(a), 403(b)(9), and governmental plans qualified under Section 457(b) of the Internal Revenue Code of 1986, as amended, that have each entered into an investment management agreement with BlackRock Institutional Trust Company, N.A. (“BTC”). Puerto Rico qualified, or U.S. and Puerto Rico dual-qualified defined contribution plans, are not eligible to participate in LPP. A plan sponsor and/or the responsible fiduciary of an eligible plan should expect to allocate time and resources in connection with the onboarding and operational implementation of LPP (as well as the ongoing support of LPP) in the event LPP is adopted as an investment option for its participants. In support of a plan sponsor’s decision to adopt LPP as an investment option for its plan participants, BlackRock can make available to plan sponsors and/or responsible fiduciaries information regarding, among other things: legal documentation, onboarding and operational implementation requirements, participant experience, disclosures, and technology integration.

Certain group annuity contracts in connection with LPP are issued by Brighthouse Life Insurance Company, Charlotte, NC 28277, and individual retirement annuity contracts are issued by Brighthouse Life Insurance Company, Charlotte, NC 28277, and, in New York only, by Brighthouse Life Insurance Company of NY, New York, NY 10017 (“Brighthouse Financial”). Brighthouse Financial® and its design are registered trademarks of Brighthouse Financial, Inc. and/or its affiliates. All product guarantees are solely the responsibility of and subject to the financial strength and claims paying ability of the Brighthouse Financial issuing company. Other annuity contracts in connection with LPP are issued by Equitable Financial in connection with LPP, and any product guarantees associated therewith, are solely the responsibility of Equitable Financial Life Insurance Company, New York, NY 10105 (“Equitable Financial” together with Brighthouse Financial are the “Selected Insurers”).

The annuity purchase option associated with an investment in certain LPP funds and which may be described or referenced in these materials is designed to provide eligible plan participants with a stream of lifetime income payments. The obligation to make the stream of lifetime income payments will be guaranteed under the terms of an individual retirement annuity contract a Selected Insurer issues to an eligible participant. The issuance of individual retirement annuity contracts by the Selected Insurers is subject to, among other things, receipt of an eligible participant’s applications determined by each of the Selected Insurers to be in good order and the participant’s rollover of a lump sum distribution from the plan to individual retirement annuities maintained by each Selected Insurer. The stream of lifetime income payments would be made directly to the participant by each Selected Insurer. All guarantees are subject to the claims-paying ability and financial strength of the issuing insurance company. Each issuing insurance company is solely responsible for its own financial condition and contractual obligations. BlackRock is not an insurance company, does not offer insurance products or provide any financial guarantee with respect thereto. The Selected Insurers are not affiliated with one another or with BlackRock, Inc. and its affiliates, and subsidiaries.

For ease of reference, “BlackRock” may be used to refer to BlackRock, Inc. and its affiliates, and subsidiaries (unless the context otherwise indicates). Any strategy referred to herein does not give rise to a deposit or other obligation of BlackRock, is not guaranteed by BlackRock, is not insured by the United States Federal Deposit Insurance Corporation or any other governmental agency, and may involve investment risks, including possible loss of principal invested.

The opinions expressed may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by BlackRock to be reliable. No representation is made that this information is accurate or complete. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the viewer.

This material does not constitute a recommendation by BlackRock or any selected insurer, or an offer to sell, or a solicitation of any offer to buy or sell any securities, insurance contract(s), product or service. The information is not intended to provide investment advice. BlackRock does not guarantee the suitability or potential value of any particular investment. Investing involves risk, including possible loss of principal. Asset allocation models and diversification do not promise any level of performance or guarantee against loss of principal. Investment in target date funds is subject to the risks of the underlying funds. The principal value of the funds is not guaranteed at any time, including at and after the target date.

The LifePath Paycheck® products and MyLifePath® digital platform use patented technology covered by US Patent No. 11,605,131.

FOR INSTITUTIONAL AND FINANCIAL PROFESSIONAL USE ONLY

© 2025 BlackRock, Inc. or its affiliates. All rights reserved. BlackRock, LifePath, LifePath Paycheck, and MyLifePath are trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.