TARGET DATE FUND ELUCIDATIONS: PUTTING PARTICIPANTS FIRST As Professor Craig Israelsen says, a target-date fund that fails to protect account value as the target date approaches has failed in its primary task. Ron Surz says plan fiduciaries do not have a clear understanding of the risk they're choosing on behalf of defaulted participants, so they need to be told. By Ron Surz 28 ISSUE 1 2023 | 401kSpecialist.comhttp://www.401kSpecialist.com