| | Benefits & Administration | | TDFs Favored by Younger Plan Participants | | Interest in target-date and other types of balanced funds remained strong through 2014, with younger plan participants more likely to hold target-date funds (TDFs) than older participants, according to a new joint study released by the Employee Benefit Research Institute (EBRI) and the Investment Company Institute (ICI). In 2014, 60% of 401(k) participants in their 20s held TDFs, compared with 41% of 401(k) participants in their 60s, the study, “401(k) Plan Asset Allocation, Account Balances, and Loan Activity in 2014,” found.Read more > | | Retirees' Average Nest Egg Is a Mere $119K | | A report from the Transamerica Center for Retirement Studies lays out the top concerns of retirees and how they are faring after the Great Recession of 2008. On average, retirees are living on $32,000 a year, Transamerica finds.Read more > |
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