A pooled employer plan with personalized TDFs is landing soon
American Funds, which has been the top seller of target-date mutual funds for two years, says it has something new for the PEPs space.
Two powerhouses in the 401(k) business – American Funds and Ascensus – are adding a new pooled employer plan to the market that the companies say gives a better option than basic target-date funds.
The Ascensus American Funds PEP is the first such plan to include the fund company’s Target D
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