This August will mark the 10-year anniversary of the passage of the Pension Protection Act, which paved the way for target-date funds as the leading qualified default alternative investment for sponsors and participants in 401(k) plans.
And while the landmark law succeeded in making significant strides to structurally improving the country’s retirement savings system, defined contribution plans are still failing too many retirement savers, according to new research from J.P. Morgan.
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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.
