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GAO Issues Report: 401(k) Retirement Plans - Department of Labor Should Update Guidance on Target Date Funds

zCR - GAO Reports
Copyright © Targeted News Service, 2024
2024-05-02
Targeted News Service

WASHINGTON, May 2 -- The Government Accountability Office has released a report (GAO-24-105364) on April 29, 2024, entitled "401(k) Retirement Plans: Department of Labor Should Update Guidance on Target Date Funds."

Here are excerpts of summaries associated with the report:

* * *

What GAO Found

Target date funds (TDFs) are widely offered and have become the most popular investment option used by 401(k) plan participants. TDFs allocate assets ov . . .

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