Group: Assets in 401(k)s, target-date funds set records

During the first quarter, assets of target-date mutual funds and 401(k) plans increased to record highs, the Investment Company Institute said. Overall retirement assets, including annuities, as well as government and private defined-benefit and defined-contribution plans, rose to $24.1 trillion in Q1 from $24 trillion in Q4.

Pensions & Investments (free access for SmartBrief readers)