Consultants see increasing adoption of blended TDFs and leveraging participant demographics to enhance personalization. Institutional consultants (63%) and aggregators (80%) expect blended TDFs to be the top sponsor-implemented target-date series option within the qualified default investment alternative (QDIA) over the next three years.

Consultants highlight that DC plan clients without an open defined benefit (DB) plan are more likely to consider adding guaranteed income to the DC lineup. Meanwhile, those with an open DB plan are more focused on adding non-guaranteed income strategies.

Consultants are increasingly interested in the value of adding private market assets to asset allocation options—half of all institutional consultants and more than one-third of aggregators expect some DC plan sponsor clients to adopt private market investments within their asset allocation offerings, with private credit being the most likely option.

This paper argues that highlighting the versatility of nonguaranteed retirement income products is an effective way to promote these vehicles.

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The demand for tailored solutions is expected to drive innovation in the qualified defined investment alternative (QDIA) space as participants increasingly seek retirement solutions that reflect their individual needs.

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What are the top priorities for retirement aggregators (RAs) and institutional consultants (ICs), and what do they mean for plan sponsors? Understand how the retirement landscape is evolving in a post-pandemic environment and how RAs and ICs are adjusting their approach.

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