Filed Under:Markets, Employee Benefits

Target date funds ever more common in DC plans

The percentage of health care plans with a target date fund as the default investment option has been steadily rising.
The percentage of health care plans with a target date fund as the default investment option has been steadily rising.

Target-date funds are increasingly the norm in employer-sponsored defined contribution plans. The latest evidence of this comes from Fidelity Investments, which concludes in a new report that eight in 10 not-for-profit health care plans now have a target-date fund as the default investment. 

The survey, “Defining Excellence: Plan Design and Retirement Readiness in the Not-for-Profit Healthcare Industry,” is the second in a series of reports from Fidelity that examines trends in retirement plan design, administration and best practices in the not-for-profit healthcare sector.

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Nichole Morford

Nichole Morford
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