According to an ABA announcement, the asset allocations for the retirement date funds – rebalanced as plan participants move toward retirement – are aimed at individuals uncomfortable changing their asset allocations over time to meet their retirement goals.
TheRoth 401(k) option may be a good choice for investors who expect to be taxed at a higher rate in retirement, individuals whose income level prevents them from contributing to a Roth IRA, and investors who plan to remain invested for at least five years, the announcement said.
The ABA Retirement Funds program is administered by State Street Bank and Trust, and includes plan administration, investment management and advice.
For more information about the two new products visit http://www.abaretirement.com .
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