SPRINGFIELD, Mass., May 29 /PRNewswire/ -- MassMutual's Retirement Services Division has released a new research paper regarding the use of target retirement date investments as the default option for retirement plans with automatic enrollment.
Titled "Participants Embrace Target Retirement Date Investments," the paper explores factors retirement plan advisors and sponsors should consider when selecting a qualified default investment alternative (QDIA), and the potential benefits of offering target retirement date investments as QDIAs.
Some of the topics covered in the research paper include:
"Why should plan fiduciaries consider QDIAs?"
"What distinguishes one target retirement date series from another?"
"What are some of the potential future trends in the management of target
"In 2007, more than 77%(*) of defined contribution plans with automatic enrollment offered either target retirement date or target risk portfolios," explains Eric Wietsma, vice president of Investment Services for MassMutual's Retirement Services Division. "These types of investments are becoming increasingly popular because they offer a single investment solution, instant diversification, and a dynamic approach to managing retirement assets over time," he adds.
"Participants Embrace Target Retirement Date Investments" is available on MassMutual's Center for Behavioral Research Web site at http://www.massmutual.com/behavior along with other research papers that address topics important to the creation of an effective retirement savings plan. To view the complete paper, please visit http://www.massmutual.com/behavior .