It was a relatively quiet year on the target-date fund glide path front—at least as far as major equity/fixed-income changes go, according to Morningstar.
Fidelity Investments reported its average 401(k) balance rose to $74,600 at the end of the first quarter, up 8% from the end of the fourth quarter 2011.
Ford Motor Company announced it will offer approximately 90,000 eligible U.S. salaried retirees and former employees the option to receive a voluntary lump-sum pension payment.
Over two-thirds (69%) of investment consultants surveyed by PIMCO either support client interest or actively promote creating custom target-date strategies.
Institutional investment managers are increasingly optimistic about the U.S. economy, but remain concerned about macro risks such as the European debt crisis.