A bar graph shows that over 67 percent of Vanguard DC plan participants had professionally managed allocations in 2024, up from 9 percent in 2005. Fifty-nine percent held a single target-date fund and 7 percent were in a managed account program. The percentage of participants with professionally managed allocations increased each year from 2005 through 2022 before holding steady at 66 percent in 2022 and 2023. It then rose to 67% in 2024. The use of a single target-date fund consistently rose from 2005 through 2022 before dropping from a high of 59 percent in 2022 to 58 percent in 2023. It then rose to 59% in 2024. Conversely, the use of a target-risk or traditional balanced fund has declined from a high of 7 percent in 2008 to less than 1 percent from 2020 through 2024.