Over the past five years, target-date fund assets in the largest defined contribution plans grew 50% to $270.4 billion, based on the 42 plan sponsors that provided data to Pensions & Investments in both periods. It made up 24% of total DC assets, up from 20%.
Target-date funds gain larger share of DC assets
At the DC plans with the five largest target-date fund balances, most saw these assets grow at a faster rate than overall DC assets. The University of California Retirement Systems' target-date funds represent 41% of assets vs. 2017's 30%.