Target-date funds are booming, with combined assets in mutual funds and collective investment trust funds approaching $1.8 trillion, according to Sway Research. The average 401(k) plan holds roughly 22% of its assets in TDFs, up from 8% a decade ago, according to the Plan Sponsor Council of America.
Following are some stats about these increasingly important and prevalent funds, from Sway’s annual report assessing the state of the TDF market.
