Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.
Products May 19, 2009
AUL, American Century Offer LIVESTRONG Target-Date Portfolios
American United Life Insurance Company (AUL) teamed up with American Century Investment Services, Inc., to offer LIVESTRONG Portfolios to AUL Retirement Services clients.
Reported by Fred Schneyer
LIVESTRONG portfolios are a series of target-date asset allocation funds.
American Century Investments contributes a portion of the revenue from the funds to the Lance Armstrong Foundation, according to a news release. It has made a 10-year, minimum $6-million commitment to support the foundation.
More information about the LIVESTRONG portfolios is available here.
You Might Also Like:
Target-Date Funds See Net Outflows From Retirement Accounts in October
However, they still held the largest percentage of total balances in October and received the largest percentage of contributions.
Average 401(k) Balance Reached $99,900 in Third Quarter
This is a 2.25% increase from the average balance in the second quarter of the year.
Growth in TDF Market Underscores Proprietary Product Debate
The drivers behind a target-date manager offering open architecture most commonly include the belief that participants benefit from asset manager diversification and the need to outsource allocations to...