In October, all of their net trades went into fixed income, according to the Alight Solutions 401(k) Index.
Experts agree that outsourced chief investment officers take on more duties than 3(38) investment managers.
Seventy percent think their approach will help employees retire at their targeted retirement age, compared to only 43% of plan...
Morningstar observes more flows into target-date funds (TDFs) using collective investment trusts (CITs) and those investing in index mutual funds.
Setting defaults too low, choosing the wrong default investment and offering company stock as an investment option could result in...
Twenty-two percent do not know how their assets are invested, Legg Mason found in a survey.
Sixty-four percent of participants in their 20s own a TDF.
The right allocation could boost returns over a person's career by as much as 34%, the consulting firm says.
Bing Waldert, a managing director with Cerulli Associates, says, "converting the 401(k) plan to an income platform is a step...