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Younger workers participating in 401(k) plans are using TDFs at a high rate

According to a new joint study from the Investment Company Institute and the Employee Benefit Research Institute found that at year-end 2016, 64 percent of 401(k) participants in their twenties held target-date funds (TDFs) compared with only 45 percent of 401(k) participants in their sixties. Also, the study indicates that more 401(k) plan participants are investing in equities than was the case before the financial crisis in 2008. Read article here…

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