Tag: allocation
The brief’s key findings are: Since 2001, the aggregate funded status of local pension plans has lagged behind that of state plans, but the gap has been closing recently for two reasons. First, local plans continue to receive more of their required contributions than state plans and are a bit more likely to use stringent…
The brief’s key findings are: Since many households fail to shift their 401(k) assets towards less risky investments as they age, target date funds do it automatically. Conventional target date funds rely only on the participant’s age to determine the asset allocation strategy. In contrast, semi-personalized target date funds add information on the participant’s earnings,…