All-In-One Mutual Funds

Don Trone is quoted at MarketWatch from an article he wrote on the fiduciary's duty in selecting lifecycle and lifestyle mutual funds.

Writing in a current Plan Sponsor magazine article, Trone says: "The funds that comprise the lifestyle fund must each be prudently selected."

What's more, the fiduciaries should document for their benefit and that of the plan participants how and when the allocations are rebalanced. And, Trone says, the fiduciaries should make sure fees are reasonable and fair.

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