Target-date funds are by far the most common default offering in defined contribution plans, but customized TDFs are replacing standard offerings at a substantial rate and are expected to continue doing so. 

Those are some of the findings of the Callan Investments Institute survey, “2015 Defined Contribution Trends,” which reported that recordkeepers’ proprietary TDF offerings in DC plans fell from 47.5 percent in 2013 to 28.7 percent in 2014.

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