Defined contribution plan sponsors say they have a higher level of confidence in their target-date fund knowledge and offerings compared to a year ago.
But what sponsors don't know or don't understand about target-date funds could present a fiduciary risk.
Key findings from a survey by Janus Capital Group show sponsors are offering more target-date funds and believe their employees understand these popular 401(k) features, which will reset a portfolio's asset mix according to a time frame that's appropriate for the investor.
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