Target-date funds have been the Next Big Thing in 401(k) plans for a few years now and, if the latest projection is accurate, will only get bigger.
In a report released Tuesday, Boston-based Cerulli Associates said that 401(k) flows into TDFs are expected to more than double by 2019 what they were in 2013 — nearly 40 percent — and, in fact, will represent 90 percent of all 401(k) contributions by then.
Cerulli noted in its report that total retirement market assets grew 17 percent from $18 trillion in 2012 to $21 trillion in 2013, exceeding $20 trillion for the first time.
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