With their “all-in” investment simplicity and automated de-risking, target date funds (TDFs) were seen as a panacea for the investing woes of defined contribution investors. However, Alight Solutions finds that TDFs are actually more of a blunt instrument and aren’t being used in the way that they were originally designed to be used.
This white paper shares data from over 1.5 million TDF users across roughly 100 large DC plans to show: