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

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:

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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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TARGETED NEWS SERVICE (founded 2004) features non-partisan 'edited journalism' news briefs and information for news organizations, public policy groups and other organizations. For more information contact MYRON STRUCK, editor,, Springfield, Virginia; 703/304-1897;

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