"Plan sponsors should assess the value of a vendor's managed account services against the fees paid out of participants' accounts.... Target-date funds (TDFs), like managed accounts, were created to tailor account investments to a participant's needs ... Managed accounts, in contrast, take into consideration a wider range of factors, such as contribution rates, personal risk tolerance, current savings in individual retirement accounts (IRAs) or taxable accounts, and anticipated spending needs in retirement.... The problem is getting participants to interface with the data and provide all necessary information to the account manager[.]"  MORE >>