NEPC’s 2023 DC Plan Trends & Fee survey results were quoted in a recent PlanSponsor article which discusses how Gen Z employees exhibit a preference for heightened personalization in Target Date Funds (TDFs), emphasizing the importance of tailored investment options for this demographic.View the article on PlanSponsor’s site here.
Young 401(k) participants were the most likely to share personal information to help tailor their retirement investments to their needs and goals, according to new Cerulli data.
. . .
“Cerulli also found that 45% of TDF managers surveyed already allow participants to transition from a TDF to a managed account at a specific threshold, such as age or account balance. A recent NEPC survey found that while 43% of plans offer managed accounts and fees have come down by about 20% to 40% over the second half of 2023, only 5% of participants use the accounts.”
Read the full article on Plan Sponsor’s website here.
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