“In 2013, 4 in 10 Vanguard participants were invested in a professionally managed account option and 31% were invested in a single target-date fund (TDF). Use of TDFs in defined contribution (DC) plans continued to grow. At the end of 2013, 86% of plans offered a TDF, 55% of all participants had a position in the funds, and the funds accounted for one-third of total plan contributions…. Because of the growing use of target-date options, we anticipate that nearly 6 in 10 participants and 80% of new plan entrants will be invested in a professionally managed option by 2018.”
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