Created in 1996, National 401(k) Day has historically been celebrated on the Friday following Labor Day to shine a spotlight on this important employee benefit. Since the late 1990s, plans have evolved substantially, and most participants can now choose from a diverse variety of investments. The chart below shows how 401(k) and profit-sharing funds were invested in 2020.
Total Plan Assets by Fund Type in 2022
| Fund Type | Assets |
|---|---|
| Target date/lifecycle | 23.9% |
| Indexed equity | 21.7% |
| Actively managed equity | 20.8% |
| Stable value | 9% |
| Company stock | 6.8% |
| Indexed domestic bond | 5% |
| Actively managed domestic bond | 4.1% |
| Other | 3.7% |
| Balanced/asset allocation | 2.7% |
| Self-directed brokerage window | 2.3% |