"Nearly half (47%) of all advisors selling defined contribution (DC) retirement plans now recommend an external manager for target date funds rather than the proprietary target date funds offered by the plan recordkeeper. What's more, the likelihood of recommending external target date offerings increases by the level of DC production, with nearly six in ten (59%) DC specialists managing $50 million or more in DC AUM advising plan sponsors to look beyond current plan providers and include target date funds offered by external asset managers instead."