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Alight Solutions is a leading provider of integrated benefits, payroll and cloud solutions. With more than 15,000 professionals across 29 countries, Alight provides leading-edge benefits administration and ERP technology and services to more than 3,250 clients including 50% of the Fortune 500. Alight’s combination of data-driven insights and technology expertise creates unique value for clients. Alight is a six-time member of IAOP’s Global Outsourcing 100. Learn how Alight drives better business outcomes and employee wellbeing for organizations of all sizes at alight.com.
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:
The demographics of TDF users
The prevalence of partial TDF users
The impact of automatic enrollment on TDF use