While managed account saw an increase in usage in 2022 and 2023, engagement with the funds has since dipped. … [O]ver the last three years, 14% of DC plans have terminated managed accounts as they embark on ‘more formal fiduciary reviews’ due to intensifying fee sensitivity and closer assessments of participant engagement and personalization.
DC Plans Trend to Passive TDFs, Leave Managed Accounts
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/ February 23, 2026