Home>Stadion Offers TDFs with ERISA 3(38) Protection
Stadion Offers TDFs with ERISA 3(38) Protection
Advisor One
Fri, 7 Dec 2012
Stadion Money Management, an asset manager based in Watkinsville, Ga., announced Tuesday that is offering ERISA 3(38) fiduciary management on its target-date funds.
Target-datefunds are a great fundamental idea, but confusion over asset allocation and investment choices dilutes the benefit to the average investor, says Vanguard founder Jack Bogle.
401(k) auto-enrollment and target-datefunds help to combat investors' inclinations to procrastinate and vulnerability to choice overload, says Andy Eschtruth of the Center for Retirement Research.
Vanguard's John Ameriks emphasizes that target-datefunds are an investment, not a guarantee, and also goes in depth on the role of equities near retirement as well as the 'to versus through' debate.