I have to admit, at EBN were pretty focused on 401(k)s when it comes to retirement planning. Lets face it its the bigger, flashier retirement plan sibling to 403(b) plans. However, I often have to remind myself that there are thousands upon thousands of nonprofit organizations and school systems that use 403(b)s as their retirement savings option for employees.
This week, I have the Profit Sharing/401k Council of America for giving me a kick in the pants regarding 403(b) plans. PSCA just released a new survey on how 403(b) plans are embracing target-date funds. The group finds 51% of respondents offer target-date funds as investment options in their 403(b) plans and the number of 403(b) plans using target-date funds as the default investment option more than doubled since 2007.
