Noting that 71% of the retirement savings plans that it services now offer its Freedom Funds lifecycle funds, Fidelity Investments Monday issued a report recommending that more sponsors offer such default options.

"Many employers have identified lifecycle funds as an opportunity to better equip their employees to achieve long-term investment goals," said Steve Deschenes, executive vice president with Fidelity Institutional Retirement Services Co.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.