Fundsters interested in target date products may want to take a look at the Department of Labor
's new proposal.
Yesterday the DoL's Employee Benefits Security Administration proposed
new disclosure requirements for target date funds (in mutual fund structure and otherwise) and other investments seeking qualified default investment alternative (QDIA) status for safe harbor use as default investments inside 401(k) plans. (Here's the proposal
The new regulation, if implemented, would require QDIAs to disclose asset allocation, glide path (i.e. how that glide path is expected to change over time) and the meaning of the "target date". For more on the proposal, see our sister publication, The 401kWire, 11/29/2010
, National Underwriter
, Pensions & Investments
all covered the news.
Neil Anderson, Managing Editor
Stay ahead of the news ... Sign up for our email alerts now