Reassessing TDFs Amidst Recent Volatility and Litigation
Please join us for the upcoming "Afternoon Stretch with Wilson Albers and Alera ConnectHR" webinar series. These regular webinars will feature discussions about the topic of the day from various points of view. With so much content to see and hear, it can be overwhelming. We aim to make this experience a bit different. There will not be a lot of prepared material, but instead, we will be creating a space to talk to our panelists and have an active Q&A session. Target date funds (TDFs) are easily the most important investment today, representing a staggering 35% of all retirement plan assets. It is more important than ever to get this decision right for participants and for you as a fiduciary. The consequences of not doing so can be considerable, as evidenced by several recent lawsuits with damages sought as high as $300 million. The Department of Labor (DOL) has issued a bulletin outlining their expectations and best practices. While TDF performance and fees are commonly evaluated, there are additional factors the DOL considers that may be even more important. Join Kellen Foley, Senior Investment Advisor from Retirement Plan Advisory Group (RPAG) and Jeff Albers, Director of Retirement Plans & Wealth Management from Wilson Albers to explore the evolving landscape of TDFs, their trends and hidden risks. Bring your elastic bands, wear your headband, and stand up for a bit for an Afternoon Stretch with us! Be on the lookout for future webinar invites with different topics and panelists.