The Department of Labor (DOL) released on February 28, 2013, additional guidance related to Target Date Retirement Funds – Tips for ERISA Plan Fiduciaries. The DOL guidance can be viewed at http://www.dol.gov/ebsa/pdf/fsTDF.pdf

We encourage plan fiduciaries to a company sponsored retirement plan, which offers Target Date Retirement Funds, to: 1) review the DOL’s new guidance, 2) apply this guidance to your continued monitoring of the Target Date Retirement Fund options being offered by the retirement plan, 3) document your records related to decisions you make to keep and/or replace the Target Date Retirement Fund(s) and 4) contact a Rains Plan Group team member at office@rpgretirement.com if you have additional questions or would like assistance.