For 401(k) plan providers and participants, target-date funds are the not-so-new black.
“The vast majority of all assets are consolidating into target-date solutions within retirement plans, so this trend is only growing,” said Shaun Bromley, an institutional retirement specialist with Alliance Bernstein in New York.
In fact, TDFs will account for almost 90 percent of new contributions to 401(k) plans by 2019, according to a study by Boston-based Cerulli Associates.
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