• DOL and SEC Publish Investor Bulletin on Target Date Funds
  • May 18, 2010 | Authors: Adam B. Cohen; David S. Goldstein; Alice Murtos; Robert J. Neis
  • Law Firms: Sutherland Asbill & Brennan LLP - Washington Office ; Sutherland Asbill & Brennan LLP - Atlanta Office
  • On May 6, 2010, the Department of Labor (DOL) and the Securities and Exchange Commission (SEC) jointly published a bulletin addressed to retirement plan investors who may be considering investing in target date funds. The bulletin - Investor Bulletin: Target Date Retirement Funds (the Bulletin) - is available on both the DOL and SEC Web sites. The Bulletin is one of several steps that the DOL and SEC plan to take to address issues that surfaced from the performance of target date funds in late 2008 and early 2009. That performance, and the role of target date funds as retirement savings vehicles, was the subject of a joint hearing by the DOL and SEC in June 2009.