The Impact of Department of Labor Guidance on Target Date Funds

December 11, 2013
A Multnomah Group Event

Earlier this year, the Department of Labor's (DOL) Employee Benefits Security Administration published guidance titled, "Target Date Retirement Funds - Tips for ERISA Plan Fiduciaries." In this guidance, the DOL addresses the process by which target date retirement funds (TDFs) are compared, selected, reviewed, and communicated to plan participants. With TDFs quickly becoming a dominant investment option in many defined contribution retirement plans, it is critical for plan fiduciaries to recognize the complexities of these products relative to traditional “core” investment options. This program will provide plan fiduciaries with a clear understanding of the processes to utilize when choosing TDFs based on the guidance issued by the DOL.

erik-presenterAbout the Presenter

Erik Daley is the Managing Principal for Multnomah Group and a member of Multnomah Group’s Investment Committee. He leads the firm’s tax-exempt practice, focusing on higher education and healthcare organizations. Erik consults regularly with clients on a variety of retirement plan related topics to help manage their fiduciary risks.

About Multnomah Group

Multnomah Group provides fee-only retirement plan and investment consulting services to for-profit and tax exempt employers in the United States. Our firm's core competencies include investment consulting, vendor search, fiduciary governance, plan design, and plan benchmarking.

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