401(k) Retirement Plans: Department of Labor Should Update Guidance on Target Date Funds

Government Record · U.S. Government Accountability Office · March 2024

GAO reports that 401(k) participants invested 28 percent of 401(k) assets in target date funds in 2020, and that these funds are widely used as the default option. This does not show those assets are all managed by the Big Three.

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GAO reports that 401(k) participants invested 28 percent of 401(k) assets in target date funds in 2020, and that these funds are widely used as the default option. This does not show those assets are all managed by the Big Three.

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