NEPC’s Defined Contribution team released its 2023 Defined Contribution (DC) Plan Trends and Fee Survey results today. This is the 18th annual version of the survey, which examines current plan investment trends, features, and innovations across major sectors, and how these plans have evolved over the years.
Respondents to the 2023 survey included 128 clients representing $259 billion in aggregate assets and 2.6 million plan participants. This year’s data shows that the tools needed to solve the “retirement crisis” already exist, with 86% of respondents currently offering their participants a retirement income solution — most often in the form of a Target Date Fund (TDF) paired with systematic distribution.
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