RESEARCH |
2024
PLANADVISER DCIO Survey
Reported by PLANADVISER
Providers
Vanguard
| Total DCIO Assets (US only) ($MM) | |
|---|---|
| Year ending 12/31/2023 | $1,382,191 |
| Year ending 12/31/2022 | $1,161,080 |
| Total DCIO funds | 139 |
| Number of TDF series | 6 |
| Largest Stand-Alone DCIO Fund ($MM) | |
|---|---|
| Fund name | Target Retirement Funds |
| Fund assets | $239,483 |
| Portfolio manager | Michael R. Roach, Walter Nejman, Aurelie Denis, Roger Aliaga-Diaz |
| First year managing fund | 2023, 2013, 2023, 2023 |
| DCIO Asset Breakdown, by investment vehicle (does not include “other” categories) | |
|---|---|
| Mutual funds | 51% |
| Collective investment trusts | 27% |
| Separate accounts | 22% |
| DCIO Asset Breakdown, by asset type (does not include “other” categories) | |
|---|---|
| Alternatives | 0% |
| Fixed income | 5% |
| Hybrid/Multi-Asset | 53% |
| International/Global equity | 5% |
| Money market | 2% |
| Stable value | 1% |
| U.S. equity | 34% |
| DCIO Asset Breakdown, by style (does not include “other” categories) | |
|---|---|
| Active management | 10% |
| Passive management | 90% |
| Blend management | 0% |
| Adviser Support/Services | |
|---|---|
| Salespeople focused on retail financial advisers | 40 |
| Salespeople focused on DC specialist financial advisers | 351 |
| Salespeople focused on institutional | Not Reported |
| Compliance support | No |
| Access to ERISA counsel | No |
| Conferences for advisers | Yes |
| Plan benchmarking | Yes |
| Lead generation | No |
| Investment committee meetings | Yes |
| Target-date evaluation tools | Yes |
| Training for DC plan sales/service | No |
| # Recordkeeping Partners | 0 |
| Checkmark = Yes; X = No |