The 15th annual Retirement Confidence Survey, released in April and performed by Mathew Greenwald & Associates and the Employee Benefit Research Institute (EBRI), found that workers would be more likely to gravitate to a retirement plan offering lifecycle and lifestyle funds than they would to a plan that included managed accounts.
Sixty-six percent of the respondents said they would rather invest in lifecycle funds, which are designed for specific age and income groups and become more conservative as the investor reaches retirement. Forty-nine percent of those polled said they’d rather contribute to a retirement plan that included lifestyle funds, which maintain a pre-set level of risk and have a mix of conservative, moderate, and aggressive investments. Only 35% of respondents said that a plan offering separately managed accounts would convince them to sign up.