More defined contribution plans are utilizing single and multiwhite-labeled investment options, and more than 90% now offer target-date funds, a new report from Northern Trust Asset Management shows.
The report, which uses the data of the 50 largest defined contribution plans for which Northern Trust offers custodial services, said 74% of that universe offered single and multiwhite-labeled investment options in 2021, up from 70% in 2019, which was the last time NTAM measured the data.