It’s not like folks hid their Target Date Fund gripes. The question is: Was the DOL on target with its new disclosure rules?
Tag "Goal-Oriented Target"
It is this latter case that may expose the unsuspecting fiduciary to greater liability. ERISA plan sponsors interested in reducing their fiduciary liability must stay up-to-date on these developments.
Many feel the DOL rightly reversed earlier rules that allowed for too many potential conflicts-of-interest. But, will any new DOL guidelines only encourage a “cookie-cutter” approach, doing the investor more harm than good?
