Two of three defined contribution plan consultants expect target retirement-date strategies to become the default for DC plans, according to a survey by PIMCO. The same percentage of respondents, 67%, also recommend that custom target strategies be used in plans with more than $200 million in assets, although 72% said plan executives are likely to do so only for plans with more than $500 million in assets.
In an interview, Stacy Schaus, a PIMCO senior vice president and DC strategist, said she was "delighted" that 44% of respondents said they were willing to act as investment managers for asset-allocation or target retirement date strategies.
PIMCO surveyed 28 consultants in the fourth quarter. The firms included Aon Investment Consulting, Ennis Knupp, Mercer Investment Consulting and Towers Perrin.
(updated with correction)
