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
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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