State treasurer blasts move, vows to work with legislature to override action.
Sponsors see debt as major hurdle curbing retirement readiness.
Nearly 95% of net TDF inflows in 2017 went to passive series, Morningstar says.
The Labor Department's more aggressive stance has made the tasks of finding missing retirement plan participants more demanding.
Mercer survey of 68 TDF series finds assets grew 30.8% in 2017.
New law eases restrictions on loans from defined contribution plans, even as employers work to stem plan leakage.
Managers of target-date funds continue to find ways to reduce fees
Questioned by Sen. Warren about the regulation, Alexander Acosta said, if confirmed, he will carry out executive orders from 'my boss.'
The plaintiffs argued that the company provided a money market fund instead of a stable value fund and paid excessive record-keeping fees to Vanguard Group, among other wrongdoings.
The lawsuit alleges the university and a university-affiliated health system breached their fiduciary duties by causing participants in their 403(b) plans to pay excessive fees.
