Compass
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Loan & Distribution Specialist AimPoint Pension
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AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Bates & Company, Inc.
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Regional Vice President of Sales The Retirement Plan Company
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Are Target Date Funds the Next Wave of Litigation?
Thomas B. Bastin via 401kHelpCenter.com Feb. 26, 2010 "Participants are sold on diversification and told the easiest way to achieve that goal is simply to select a target-date fund that automatically adjusts their diversification via an 'age appropriate' portfolio. For instance, the fund name often includes the year of retirement (2010, 2015 or 2020). As an Advisor if I were to direct a participant's investments in this fashion I would be giving advice and committing a fiduciary act. Yet somehow target-date funds do the same thing with none of the liability. How long before the trial bar questions this?" |
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