Although more than half of plan sponsors offer target-date funds in their defined contribution plans, only half of those are using TDFs as their default, according to a new survey by AllianceBernstein L.P.
The research also shows that plan participant use of and satisfaction with TDFs continues to grow, even in the face of several years of stock market underperformance.
In its eighth annual survey of plan participants and third biannual survey of plan sponsors, AllianceBernstein offers a comprehensive look at the behaviors, concerns and trends related to DC plans.
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