Older 401(k) Participants Moving to TDFs More So Than Younger Participants
Participants in their 50s and 60s are using TDFs more than they have in the past, according to a new EBRI and ICI report.
PANC 2021: The Great TDF Debate: Prudence vs. Performance
While performance is an important part of the prudent selection of target-date funds, experts speaking at the PLANADVISER National Conference suggest suitability is a more important factor.
TDF Usage Increases as Younger Participants Invest
Fifty-one percent of 401(k) plan assets owned by participants in their 20s were invested in TDFs, versus 23% for those in their 60s.
Set It and Forget It?
Investment Product and Service Launches
Vanguard to launch two active funds, reopen Wellington fund; As You Sow issues corporate 401(k) sustainability scorecard; MIM broadens investor access to public fixed income strategies; and more.
The Art of Comparing TDF and Balanced Fund Performance
Seeing the Bigger QDIA Picture
Scrutinizing TDFs and Considering Balanced Funds
Judge Allows Claims in ERISA Suit Against Prime Healthcare to Proceed
The lawsuit challenges the company's use of an active TDF suite in its 401(k) plan, among other things.
Legislative and Judicial Actions
Talking Digital Advice Trends With Morningstar and DFA
SECURE 2.0 Includes Provision for Asset Allocation Fund Benchmark
The bill, referred to as 'SECURE 2.0,' gives the DOL six months after its passage to modify ERISA to allow plan sponsors to use a benchmark that’s a blend of different market indexes.
Investment Product and Service Launches
Putnam Investments presents TDF evaluation tool; J.P. Morgan and Nationwide launch investment product; and OneDigital adds downside risk protection to adviser managed accounts solution; and more.
Research Says Lack of Attention by Investors Helps TDF Managers Sacrifice Returns
Academics say "low-attention" investors let TDF managers favor their own families of funds at the expense of performance.
TDF Embedded Lifetime Income Solution Coming to Market By Summer
The solution can be traded like mutual funds, delivers maximized returns and offers distribution flexibility.
Schlichter Strikes Again, This Time Against Takeda Pharma’s 401(k)
The lawsuit alleges that plan fiduciaries selected unproven TDFs for the plan, failed to monitor them and failed to replace them when they underperformed.
‘Annexus Retirement Solutions’ Launch Signals Rise of DC Plan Lifetime Income
The firm says the formal launch of Annexus Retirement Solutions precedes the rollout of innovative in-plan retirement income solutions in 2021.
Managers Expect Annuity Allocations to be Incorporated Into TDFs
In addition, Cerulli says it expects that plan sponsors and retirement plan providers will engage in more exploratory discussions about including private equity in target-date funds.
401(k) Investors Traded Exclusively Into Fixed Income in October
It was the first time in the more than 20-year history of the Alight Solutions 401(k) Index that this happened over the course of an entire month.
Another Self-Dealing ERISA Fiduciary Breach Lawsuit Filed
The lead plaintiff in the suit says her employer, a large financial services company, has inappropriately prioritized its own investments within a profit sharing retirement plan offered to employees.