BlackRock Inc, Fidelity Investments and Pacific Investment Management Co – all firms that have seen returns in their target date funds lagging competitors – have made adjustments in the past year so that 401(k) plan participants, particularly those who are younger to middle age, are more invested in equities. The idea is that retirement savers can choose a target date fund that lines up with their own expected retirement year and then not have to worry about managing their money.
Published in TZ Latest News 9 October, 2014 by The TZ Newswire Staff
Big U.S. firms boost equity weightings in 401(k) target-date funds
Published in TZ Latest News 9 October, 2014 by The TZ Newswire Staff
Big U.S. firms boost equity weightings in 401(k) target-date funds
BlackRock Inc, Fidelity Investments and Pacific Investment Management Co – all firms that have seen returns in their target date funds lagging competitors – have made adjustments in the past year so that 401(k) plan participants, particularly those who are younger to middle age, are more invested in equities. The idea is that retirement savers can choose a target date fund that lines up with their own expected retirement year and then not have to worry about managing their money.