More 401(k) participants are invested in single target-date, balanced fund or managed account advisory services, according to Vanguard’s “How America Saves 2011” report.
The report, which was released on Wednesday, revealed that almost 30% of participants in 401(k) retirement plans at Vanguard are in automatic professionally managed investment programs, which is good for those new to investing or those who lack the experience or skills to invest on their own.
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