Noting that 71% of the retirement savings plans that it services now offer its Freedom Funds lifecycle funds,
"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.
Lifecycle funds are beneficial to investors because they combine active management, constant monitoring and rebalancing and are easy to use because they let investors "set it and forget it," Fidelity noted. Further, they can help employers meet their fiduciary duty, Fidelity added.
