Younger retirement plan participants flocking to TDFs
Recently hired participants—those with two or fewer years of tenure—are also using TDFs at a higher rate.
The new joint study from the Investment Company Institute and the Employee Benefit Research Institute also indicates that more 401(k) plan participants are investing in equities than was the case before the financial crisis in 2008. (Photo: Shutterstock)
Younger workers participating in 401(k) plans are allocating a large part of their assets to target-date funds as well as to other types of balanced funds.
That’s according to
401(k) Plan Asset Allocation, Account Balances, and Loan Activity in 2016, a new joint study from the Investment Company Institute and the Employee Benefit Research Institute.
Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.
Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
Exclusive discounts on ALM,
BenefitsPRO magazine and BenefitsPRO.com events. Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account?
Sign In Now
One of the world's most influential economists talks about Social Security and his new book.
92% of investors are concerned that companies aren’t effectively executing on their net zero promises.
BenefitsPRO will host a Twitter chat on retirement industry trends for plan advisors and sponsors with a slate of expert panelists at 11 a.m. EST…
Sponsored by Resolution Reinsurance Intermediaries, LLC
21st Century Care Benefits for When Life Gets Complicated
61% of employers surveyed consider caregiving benefits to be a top priority for their business and employees, yet 22% consider themselves as below average in developing caregiving benefits. Download this info sheet to help your clients remain competitive by offering a care benefit package.
Browse More Resources ›
Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.