New research from AllianceBernstein, an investment manager with off-the-shelf and customized target-date fund solutions for 401(k) plans, shows that defined contribution participants' financial literacy is slipping.
That may be the key contributor to what the investment firm describes as a chronically low level of retirement confidence among 401(k) enrollees. AllianceBernstein offers an annuitized lifetime income option as a qualified default investment alternative for 401(k) plans.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
