As American workers become increasingly dependent on defined contribution plans, sponsors need to adopt a more modern and nimble approach to allow for the best retirement outcomes. To make DC plans more effective, plan sponsors, providers, and consultants will need to prioritize providing personalized retirement income solutions for participants, while offering professional investment management at a cost that's competitive with what large institutions pay. To get a clearer view of the current DC landscape, PGIM surveyed more than 100 plan sponsors and a host of leading Outsourced Chief Investment Officer (OCIO) providers in the United States, looking specifically at three key areas. Here is what we found.