20 pages. "[T]he next evolution of investment menus needs to be driven through four steps: [1] Consider supplementing low cost, broad index positions with additional sources of diversification and return with white label, factor and rules-based smart beta strategies; [2] Expand the fixed income opportunity set to target the potential for stronger returns and income; [3] Reexamine the target date fund as part of the full menu review; [4] Unlock and realign legacy default assets through reenrollment."  MORE >>