"About one in 10 plan sponsors replaced their target date fund/balanced fund manager in 2014. The proportion of plans that offer their recordkeeper's proprietary TDF declined precipitously, from 47.5% in 2013 to 28.7% in 2014.... The most important step that plan sponsors took within the past 12 months to improve the fiduciary positioning of their DC plan was to review plan fees. However, fewer plan sponsors calculated or benchmarked plan fees in 2014 than in 2013, and fewer reduced plan fees after conducting a fee evaluation."