MassMutual female retirement plan participants have been shifting an increasing percentage of their retirement savings into asset allocation investments but are favoring target-date options, according to data released by MassMutual’s retirement services division.

By the end of 2010, women had 24.3 percent of their retirement assets in asset allocation options while men had 24 percent. Significantly, the data shows that among female investors, average balances in target-date investments are approximately double those of risk-based options. For men, the split is approximately even between target-date and risk-based options.

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