Deployment of Target Date Funds Expands

Use of target date funds (TDFs) rose significantly among larger plans compared to 2016. Across plan sizes, nearly six in ten sponsors include TDFs in their plans; roughly one-third of those that do not include them would prefer to use TDFs in the future — this figure is up from less than one-fourth in 2016. While eight in ten plan advisors still say they use TDFs in most or all plans they serve, heavy focus advisors are much more likely than emerging advisors to use TDFs in all the plans they serve.

Plan sponsor use of TDFs has expanded since 2016

Plan sponsor use of TDFs has expanded since 2016

Source: Voya Investment Management

Survey of the Retirement Landscape: Insights from Current Research

Voya Investment Management recently released the second edition of its survey of retirement plan sponsors and plan advisors, to identify and better understand the current service needs of sponsors and help DC-focused advisors better align their offerings and priorities to meet those needs. Though some perceptions have changed since the initial survey in 2016, views on a few key issues have evolved and several new issues have arisen. We present key findings of the study in this series of insights. For all the research results, read Survey of the Retirement Landscape: Challenges and Opportunities for Advisors.

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This information is proprietary and cannot be reproduced or distributed. Certain information may be received from sources Voya Investment Management (“Voya IM”) considers reliable; Voya IM does not represent that such information is accurate or complete. Certain statements contained herein may constitute "projections," "forecasts" and other "forward-looking statements" which do not reflect actual results and are based primarily upon applying retroactively a hypothetical set of assumptions to certain historical financial data. Actual results, performance or events may differ materially from those in such statements. Any opinions, projections, forecasts and forward-looking statements presented herein are valid only as of the date of this document and are subject to change. Nothing contained herein should be construed as (i) an offer to buy any security or (ii) a recommendation as to the advisability of investing in, purchasing or selling any security. Voya IM assumes no obligation to update any forward-looking information.