Bates & Company, Inc.
|
Regional Vice President of Sales The Retirement Plan Company
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Compass
|
Loan & Distribution Specialist AimPoint Pension
|
AimPoint Pension
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
Target Date Funds: A Wonder Drug for Participants or a Pandora's Box for All Concerned (PDF)
Richard D. Glass via Investment Horizons [Opinion] Mar. 24, 2010
13 pages. Excerpt: The purpose of this paper is to demonstrate why it is in the best interest of 401(k) sponsors, participants, and the fiduciaries themselves for the latter to carefully reexamine their processes for choosing and then monitoring the behavior and use of target date funds (or any other QDIA and/or advice provider). Further, if fiduciaries think it is wise not to do anything until Congress or the DOL takes a course of action, they may be: setting the stage for their participants to incur disastrous outcomes; subjecting themselves and their sponsors to time consuming litigation that could easily run into the millions or tens of millions of dollars.
|
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |