man touching dollar sign on glass Relatively few TDF managers invest big money alongside the savings of the 401(k) participants they compete for. (Photo: Shutterstock)

The millions of Americans who are placing their retirement prospects in target-date funds can “rightfully expect” the managers of their assets to invest their own money in the savings strategies as well, says Jeff Holt, director at Morningstar and lead author of the 2019 Target-Date Fund Landscape Report.

But the fact is that relatively few TDF managers invest big money alongside the savings of the 401(k) participants they compete for.

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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.