References in periodicals archive ?
The growth of target date fund assets in 401 (k) plans from 2006 to 2013.
Torrid Tech's Explanation: Employees saving in their 401(k) plan at work can choose annuities from insurance companies inside their 401(k) plan so they can reduce market losses on their retirement savings by putting their savings into annuities, instead of mutual funds or target date funds.
For good reasons, target date funds are the most popular default option used by DC plans as well as one of the most important innovations for DC plans in the last decade.
In an accompanying letter, the Department of Labor today confirmed that target date funds serving as default investment alternatives may include annuities among their fixed income investments.
Although target date funds aim to preserve capital as the target date approaches, there is no guarantee that the fund will achieve this objective.
But they may not have a full appreciation of all risks: 68% of millennials who invest in target date funds agree with the statement, "Target date funds are usually less risky than balanced funds.
Nine of the firm's target date funds were honored - six for multiple time frames and three for single periods.
As target date funds continue to garner an increasing percentage of 401(k) contributions, it is critical plan sponsors understand how differently they may manage risk over time," said Anne Lester, Global Head of Retirement Solutions and 2014 Morningstar U.
More than nine of 10 workers find the target date fund concept appealing - and about one third very appealing.
Analysis Reveals Higher Adoption of Target Date Funds and Roth 401(k) Among Gen Y
SAN FRANCISCO -- Callan Associates is making its Callan Target Date Index publicly available through an interactive tool that enables defined contribution plan sponsors, target date managers and plan participants to quickly and easily evaluate how their target date fund (TDF) performed against all others in the glidepath universe1.
An Industry-Leading Program Helps Retirement Advisors Steer Plan Sponsors Through An Increasingly Complex Target Date Fund Universe