The plaintiffs in one of the dozen or so cases involving the BlackRock Lifepath target-date funds (TDFs) have made it past the motion to dismiss stage.
In this case (Trauernicht et al. v. Genworth... Read More
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Target Date Funds
BY Ted Godbout | 9/6/2023
Fee pressures continue to be a dominant force in shaping the future of target date (TD) solutions as evidenced by the top two most supported developments identified by T. Rowe Price’s just-released... Read More
BY Ted Godbout | 8/21/2023
The Capital Group, home of American Funds, has joined efforts with Shlomo Benartzi’s PensionPlus to make it easy for retirement plan participants to create a highly personalized paycheck in... Read More
BY Ted Godbout | 8/14/2023
A newly released survey of plan sponsors reveals that many continue to broaden efforts to help participants achieve retirement security across employee financial wellness, plan design, and... Read More
BY NAPA Net Staff | 8/8/2023
The latest entrant into the retirement income space comes in the form of a new target-date fund.
Nuveen, the investment manager of TIAA, has just introduced the Nuveen Lifecycle Income Series, a... Read More
BY Ted Godbout | 7/6/2023
In asking whether a lack of asset diversification in DC retirement plans has been a potential missed opportunity, the findings of a new study suggest the answer is yes.
More specifically, the... Read More
BY Nevin E. Adams, JD | 6/26/2023
Another target-date fund family has been…targeted…in a fiduciary breach suit that claims plan fiduciaries failed to prudently review—and remove—underperforming target-date funds.
The target-date... Read More
BY NAPA Net Staff | 4/21/2023
State Street Global Advisors in partnership with Annexus Retirement Solutions and the Global Trust Company announced the launch of the State Street GTC Retirement Income Builder Series.
This... Read More
BY Nevin E. Adams, JD | 4/10/2023
Plaintiffs in two of the recently dismissed suits involving the BlackRock LifePath target-date funds have announced their intentions to appeal those losses.
The plaintiffs here are those related... Read More
BY NAPA Net Staff | 4/5/2023
To help meet growing demand for personalized investment strategies within employer-sponsored retirement plans, Principal Financial Group has launched a new, hybrid qualified default investment... Read More
BY Nevin E. Adams, JD | 3/24/2023
Ours is a business guided by black and white laws, but with lots of gray nuance and interpretation applied to individual situations. This week, we asked readers to weigh in on some questions that... Read More
BY Ted Godbout | 3/8/2023
While the dedicated retirement income solution market has proliferated over the past several years, many plan sponsors have struggled to evaluate their options strategically, according to NEPC’s 17th... Read More
BY Nevin E. Adams, JD | 3/6/2023
The plaintiffs in one of a dozen suits challenging the use of BlackRock Lifepath target-date funds has once again gone down in flames.
Last December U.S. District Judge Michael S. Nachmanoff had... Read More
BY Ted Godbout | 2/14/2023
Lower-cost collective investment trusts (CITs) continue to eat away at mutual funds’ hold on target date funds and are expected to be the primary target date vehicle in 2023, a new report suggests... Read More
BY John Sullivan | 1/31/2023
Target-date contributions continued the rebound in 2022.
Morningstar reported that net flows into target-date mutual funds totaled roughly $32.3 billion for the year, a nearly 35% jump from the $... Read More
BY Nevin E. Adams, JD | 1/24/2023
As it happens, I’ll commemorate an anniversary of my birth this weekend.
It’s not a particularly significant one—it doesn’t end in a 5 or a 0, won’t trigger any new savings opportunities or impact... Read More
BY NAPA Net Staff | 10/24/2022
A recent flurry of lawsuits has "targeted" holders of the BlackRock LifePath target-date funds and their decision(s) to select, and hold, on their investment menu.
Ironically, the plan... Read More
BY Ted Godbout | 10/23/2022
With retirement income becoming a top-of-mind issue in the defined contribution investment-only (DCIO) asset manager community, annuities apparently are gaining traction as an embedded component of... Read More
BY Nevin E. Adams, JD | 10/19/2022
As federal courts turn their attention(s) to a series of suits challenging plans with a series of BlackRock target-date funds on their hands, the American Retirement Association has joined the fray... Read More
BY Kent Bartell | 9/9/2022
As target date funds have become more prevalent, however, many advisors are beginning to wonder if there might be an opportunity for improvement.
Target date funds were first introduced in the... Read More
BY Nevin E. Adams, JD | 8/16/2022
A recent report—and a new wave of litigation—reminds us that all target-date funds are not designed the same.
We all know that target-date funds are different, even if their names sometimes... Read More
BY Nevin E. Adams, JD | 8/12/2022
Target-date funds have been in the headlines of late—and not always in a good way—this week, as we did last week on managed accounts—we asked NAPA-Net readers about their TDF focus.
That’s right,... Read More
BY Nevin E. Adams, JD | 8/8/2022
Target-date funds have been in the headlines of late—and not always in a good way.
That’s right, the headlines are full of litigation involving target-date funds (well, a couple in particular)—at... Read More
BY Nevin E. Adams, JD | 8/3/2022
In a flurry of litigation activity not seen since 2016, several different 401(k) plans holding a target-date fund family despite “consistently deplorable performance” have been sued by participants... Read More
BY Ted Godbout | 7/22/2022
While many employers do consider their participants’ needs when selecting target date fund glide paths, a new white paper argues there is too much homogeneity given the heterogeneity of workers’... Read More
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