Sponsors of 401(k) plans worry that investors will either invest too heavily in risky equities, or too conservatively in money market funds, but in 2007, at least, target-date funds allocated investors’ money wisely across the board, Vanguard found.

After analyzing 1,300 defined contribution plans representing 1.24 million participants, in a report called “Target-Date Funds: Plan and Participant Adoption in 2007,” Vanguard found that 357,000, or roughly 28%, were actively contributing to target-date funds.

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