What's wrong with that?
That means also apps installed by a person who has access to your systems or malicious code that you, or someone who as access to your system, launched on your system. I'm not sure where it put 1Password in terms of safely storing password, but it is probably in the area of a post-it on your monitor.
I don't know what's your opinion, but if I use a password manager, I'm expecting something more
Every app that runs on your systems with enough privileges can dump the memory and extract information via that.