In a recent analysis of its client base, New York Life Retirement Plan Services found that despite a low interest rate environment, stable-value funds remain a heavily utilized retirement plan investment option with 50% participant utilization.
Since the financial crisis of 2008, on average, more than 20% of retirement assets have been invested in stable-value investments and half of all participants across the retirement platform have some 401(k) savings within a stable-value investment today. With the exclusion of stable-value investments as a qualified default investment in the Pension Protection Act, the viability of stable-value investments as a mainstream retirement asset class was considered to be in doubt. Yettime — and and a turbulent economic environment — has proven otherwise.
