Many nonprofit retirement plans are using target-date funds and lifestyle funds to serve participants who fail to allocate their own plan assets.
The Profit Sharing/401k Council of America, Chicago, has published statistics on 403(b) plan investment options in a report based on information provided by 144 403(b) plan sponsors.
About 27% of the participating plans have automatic participant enrollment programs, the PSCA says.
About 26% of the automatic enrollment programs apply to all non-participants, but 74% apply only to new hires.