Vanguard Provides Checklist for Evaluating TDFs

The checklist is included in a guide that offers questions to ask and items to consider.

Evaluation and review are critical to plan sponsor’s due diligence process as a plan fiduciary when selecting and monitoring target-date funds (TDFs), Vanguard says.

The firm has released a guide focused on the practical steps to take during the evaluation process—which may include comparison and selection of TDFs, understanding their underlying investments, reviewing fees, developing communications and documenting the process.

The guide provides a checklist for periodic reviews, key questions to ask when following the Department of Labor (DOL) guidelines and items to consider.