Defined contribution plan sponsors are evaluating their current target-date funds and considering whether or not custom TDFs are a better option, according to a survey by SEI.
Of the plan sponsors currently offering TDFs, 12 percent currently use custom funds rather than proprietary or pre-packaged options. The poll suggests that percentage is rising as 37 percent of those surveyed said their organization is likely or somewhat likely to implement or revise custom target-date solutions in the next 18 months.
Last year, the Department of Labor offered guidance to plan sponsors suggesting those offering proprietary or pre-packaged TDFs consider custom or non-proprietary options.
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