Labor Department guidance touts nonproprietary target-date funds

03/4/2013 | Ignites.com (subscription required)

New guidance from the Labor Department recommends that plan sponsors check whether providers offer nonproprietary target-date funds. The guidance suggests that such funds "may not be right for every plan" but "offer advantages by including component funds that are managed by fund managers other than the TDF provider itself, thus diversifying participants' exposure to one investment provider."

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