{"id":1106,"date":"2021-02-08T19:00:00","date_gmt":"2021-02-09T00:00:00","guid":{"rendered":"https:\/\/www.nepc.com\/private-wealth\/newsroom\/nepc-survey-active-vs-passive-managed-account-debates-continue-to-transform-dc-plans\/"},"modified":"2021-11-02T19:09:19","modified_gmt":"2021-11-02T23:09:19","slug":"nepc-survey-active-vs-passive-managed-account-debates-continue-to-transform-dc-plans","status":"publish","type":"newsroom","link":"https:\/\/www.nepc.com\/private-wealth\/newsroom\/nepc-survey-active-vs-passive-managed-account-debates-continue-to-transform-dc-plans\/","title":{"rendered":"NEPC Survey: Active vs. Passive, Managed Account Debates Continue to Transform DC Plans"},"content":{"rendered":"<div class=\"wpb-content-wrapper\">[vc_row][vc_column][vc_column_text uncode_shortcode_id=&#8221;114049&#8243;]BOSTON&#8211;(BUSINESS WIRE)&#8211;<span style=\"color: #002060;\"><a style=\"color: #002060;\" href=\"\/\" rel=\"noopener\">NEPC, LLC<\/a><\/span> one of the industry&#8217;s largest independent, research-driven investment consulting firms, today announced the results of the 15th annual <span style=\"color: #002060;\"><a style=\"color: #002060;\" href=\"\/insights\/nepcs-2020-defined-contribution-plan-fee-survey\" rel=\"noopener\">DC Plan and Fee Survey<\/a><\/span>. This survey examines defined contribution plan features, investment menus, participation rates, and fees during 2020.<\/p>\n<p>The results show:<\/p>\n<p><!--more--><\/p>\n<ul>\n<li><strong>Auto-features like auto-enrollment and auto-escalation have proven to be popular and effective:<\/strong> 49% of respondents offer auto-escalation and 64% of respondents offer auto-enrollment &#8211; a significant increase from 2005 when only 21% of plans offered auto-enrollment. The widespread adoption of auto-enrollment has helped lead to a relatively high average participation rate of 82% for respondents in 2020.<\/li>\n<li><strong>Investment menus have largely stayed the same, with target date funds (TDFs) seeing a significant increase in utilization:<\/strong> TDFs continue to dominate investment menus, with TDF utilization increasing from 76% of plans in 2005 to 96% in 2020.<\/li>\n<li><strong>Managed accounts continue to struggle with adoption:<\/strong> Managed accounts are not offered by a majority of plans, having increased from 13% adoption in 2005 to just 36% in 2020. This increase was minor despite immense marketing efforts of managed account service providers.<\/li>\n<\/ul>\n<p>Plans continue to utilize blended strategies, with 58% of this year&#8217;s respondents offering a passive tier (defined as three or more passively managed funds, including at least one fixed income option).<\/p>\n<p>&#8220;As plans continue to innovate, we expect to see more focus on plan design elements that aid the post-retirement life of participants&#8221;, said Ross Bremen, Partner in NEPC&#8217;s <a href=\"\/focus-areas\/defined-contribution\" rel=\"noopener\"><span style=\"color: #002060;\">Defined Contribution Practice Group<\/span><\/a>. &#8220;Additionally, with a new administration in office, we&#8217;re keeping close watch on how potential legislative measures could impact plan design and implementation moving forward.&#8221;<\/p>\n<p>This survey was conducted online by NEPC&#8217;s <span style=\"color: #002060;\"><a style=\"color: #002060;\" href=\"\/focus-areas\/defined-contribution\" rel=\"noopener\">Defined Contribution Practice Group<\/a><\/span>. The 142 respondents represent $191 billion in aggregate assets and a total of 1.8 million plan participants. For the full results, <span style=\"color: #002060;\"><a style=\"color: #002060;\" href=\"\/insights\/nepcs-2020-defined-contribution-plan-fee-survey\" rel=\"noopener\">click here<\/a>.<\/span><\/p>\n<h3><span style=\"font-weight: bold;\">NEPC, LLC:<\/span><\/h3>\n<p>NEPC is an independent investment consultant and private wealth advisor, serving 391 retainer clients and $1.1 trillion in total assets. Combining a proprietary research team dedicated to the long-term challenges facing institutional and high-net investors, with our unique client-centric model, NEPC builds the investment portfolios defining the future of finance.<\/p>\n<p>As of October 1, 2020, NEPC serves 209 DC plans, representing more than $196 billion in assets. To learn more, visit <span style=\"color: #002060;\"><a style=\"color: #002060;\" href=\"\/\" rel=\"noopener\">nepc.com<\/a><\/span>.<\/p>\n<h3><strong>Media contact:<\/strong><\/h3>\n<p>Corey Law<br \/>\nnepc@fullyvested.com[\/vc_column_text][\/vc_column][\/vc_row]\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text uncode_shortcode_id=&#8221;114049&#8243;]BOSTON&#8211;(BUSINESS WIRE)&#8211;NEPC, LLC one of the industry&#8217;s largest independent, research-driven investment consulting firms, today announced the results of the [&hellip;]<\/p>\n","protected":false},"author":95,"featured_media":1350,"template":"","meta":{"content-type":"","footnotes":""},"newsroom_categories":[87],"newsroom_tags":[82,88],"class_list":["post-1106","newsroom","type-newsroom","status-publish","has-post-thumbnail","hentry","newsroom_categories-press-releases","newsroom_tags-press","newsroom_tags-press-release"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - 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