Education and health care retirement plans are using more target-date funds and Roth features in their plans, according to the latest 403(b) plan sponsor survey from the Plan Sponsor Council of America.
Specifically, the survey found that nearly three-fourths (72.5%) of plan sponsors offer target-date funds as an investment option last year, an increase from 69.1% in 2010. And among the 14.9% of 403(b) plans that offer automatic enrollment, the most common default investment options are target-date funds (47.2%), followed by lifestyle funds (26.4%).
