"This letter specifically addresses certain misunderstandings about target date funds that the DOL may have reinforced, as well as a serious concern about TDFs that has not been addressed.... Here are the misunderstandings: 'To' funds are less risky at the target date than 'Through' funds.... TDFs can be matched to workforce demographic.... Low cost is best.... Our main concern is the glaring failure of many fiduciaries to vet their TDF selection. The DOL has not addressed this concern, but should."  MORE >>