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Plan sponsors need more than one target-date fund option

Target-date assets remain concentrated among five providers.

By Marlene Y. Satter | Updated on August 17, 2016
The DOL has specifically urged plan fiduciaries to reconsider their choices on TDFs. (Photo: Getty)

Defined contribution plan sponsors in the U.S. need access to more than a single target-date fund option.

That’s according to Cerulli research, which found that at the end of 2015, the growth of assets held in TDFs passed $900 billon—and the importance of an asset manager’s strategy in participating in that market is growing, with no sign of decreasing any time soon.

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