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Total target-date fund assets in defined contribution plans increased in the first quarter of 2016 to an all-time high. (Photo: Getty)

Total U.S. retirement assets hit $24.1 trillion in the first quarter of 2016, up 0.6 percent from the end of December, but off the high of $24.4 trillion achieved in the first two quarter of 2015, according to the Washington, D.C.-based Investment Company Institute.

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.

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