DC investment menu design

November 2023

The menu of investment options for defined contribution (“DC”) plans have not always had available the multitude of offerings that they do today. With such a large number of investment options available in the market, plan sponsors are tasked with constructing a menu that balances a diverse variety of investment options while not overwhelming participants.

This paper discusses how DC investment menus have evolved over time, best practices and considerations that plan sponsors should be aware of, as well as details on Meketa’s philosophy for DC investment menu design.