About 30% of employers that participated in a recent survey now enroll employees in defined contribution plans automatically, and 56% of those employers use “target date funds” as their default investment vehicles.
Researchers in the consulting arm of Aon Corp., Chicago, are reporting that finding in a summary of results from a recent survey of about 1,100 U.S. employers.
About 93% of the employers in the sample offer defined contribution plans, and 92% of the participating employers contribute to the plans, the Aon researchers report.