Only one in four participants invested in target-date funds are using the investments as they were designed, according to new data from Financial Engines.
The Sunnyvale, California-based company is the nation's largest independent provider of managed accounts, which offer more comprehensive portfolio and savings direction to participants than do TDFs.
According to Financial Engines, TDFs are designed to hold at least 90 percent of a participant's savings.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
