A near $15 billion 401(k) plan has been sued for retaining “underperforming” investment options, including a target-date fund — allegedly costing participants more than $318 million.

Assets in target-date funds jumped 27% last year to approach $1.4 trillion, up from just under $1.1 trillion at the end of 2018. The biggest firms retained their lock on the market in 2019, with four ...

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Timing is everything. If you are planning to retire in 2020 and invested in a target-date fund, then your timing last year was impeccable. The Nasdaq returned 36.89 percent, and the S&P 500 32.83 ...