51 pages. "Employers who sponsor 401(k) plans report using a range of default investment types to automatically enroll employees in their plans based on each type's design and other attributes.... Plan sponsors responding to GAO's questionnaire and stakeholders GAO interviewed generally said that [DOL] regulations were unclear as to: [1] how sponsors could fulfill the regulatory requirement to factor the ages of participants into their default investment selection; [2] whether each default investment provided the same level of protection; or [3] whether they were allowed to incorporate other retirement features, such as products offering guaranteed retirement income, into a plan's default investment. Such uncertainty could lead some plan sponsors to make suboptimal choices when selecting a plan's default investment that could have long-lasting negative effects on participants' retirement savings." [GAO-15-578, published Aug. 25, 2015, released Sept. 4, 2015]

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