abstract image 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.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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