These target date and lifestyle funds
embody our management approach, while the RetireSMART name serves as the overarching brand, both of which support MassMutual's dual focus on retirement plan health and solidly preparing plan participants for retirement," says Mike Eldredge, vice president, Investment Management, MassMutual's Retirement Services Division.
The company's new lifestyle funds
- Wilmington Conservative Asset Allocation Fund, Wilmington Moderate Asset Allocation Fund, and Wilmington Aggressive Asset Allocation Fund - are funds of funds.
The AARP-endorsed lifestyle funds
are built on five key principles - low fees, diversification, indexing, rebalancing and simplification - and carry a low minimum investment of $100.
8 billion in assets(1), lifestyle funds
appear increasingly popular as the investment vehicle of choice for variable annuities, variable life insurance, and retirement plans.
It describes the TargetAge(TM) glide path and portfolios and compares the features of TargetAge(TM) to target date and other lifestyle funds
Time-Based Lifestyle Funds
, Roth 401(k) Plans Also Increasing as Retirement Challenges Continue
have become popular as a convenient but overly-simplistic means of providing investor guidance.
L allows participants who select it, to invest some or all of their 401(k) funds in one or more of four John Hancock Lifestyle Funds
to create a benefit base.
Additionally, those respondents who noted they prefer to have someone manage their investments were also asked if they prefer lifestyle funds
handled by a fund manager or professionally managed accounts through a financial advisor making investment decisions on their behalf.
The Floating Rate Income Fund will also be available to investors as an underlying fund in John Hancock's target date Lifecycle Funds and target risk Lifestyle Funds
Guidance--Enhanced information guides employees through a process that shows them how to use their 401(k) plan's lifestyle funds
as a turnkey solution, and helps them pick the appropriate diversified premixed portfolio for their savings needs.
John Hancock is the #1 provider of asset allocation fund of funds in the variable annuities business and the #2 provider of lifestyle funds
in the 401(k) business.