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It really doesn’t matter which type of target date fund the plan sponsor chooses. From a fiduciary liability standpoint, the only real concern deals with whether the TDFs contain hidden conflict-of-interest fees. (Photo: Fotolia)

Target date funds came as a godsend courtesy of the 2006 Pension Protection Act. They have redefined the 401(k) for both the employee and the sponsoring company (see “How QDIOs Have Changed the Fiduciary Role of 401k Plan Sponsors).

Christopher Carosa

BenefitsPRO

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