A larger portion of participants use the asset allocation funds for some of their money, from 13% in 2008 to 24% today.
About 72% of investors had some form of asset allocation fund offered within their plan. While some had Lifestyle Funds, many had Target Date Funds, but the largest percentage (34%) had both types of funds available in the plan.
Spectrem said the popularity of asset allocation funds is expected to increase as investors become increasingly comfortable with relying on the investment expertise of providers.
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