United States Senate Special Committee on Aging
Hearings

Default Nation: Are 401(k) Target Date Funds Missing The Mark?

October 28, 2009

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Statements of Committee Members

Witness Testimony

    Barbara Bovbjerg, Director, Education, Workforce and Income Security, US Government Accountability Office, Washington, DC

    Andrew Donohue, Director of Investment Management, United States Securities and Exchange Commission, Washington, DC

    Phyllis Borzi, Assistant Secretary of Labor, Employee Benefits Security Administration, US Department of Labor, Washington, DC

    John Rekenthaler, Vice President of Research, Morningstar, Chicago, IL

    Ralph Derbyshire, Senior Vice President and Deputy General Counsel for FMR LLC, the parent company of Fidelity Investments, Marlborough, MA

    Michael Case Smith, Senior Vice President, Institutional Strategies, Avatar Associates, New York, NY


Hearing Publications


    Majority Report, Target-Date Retirement Funds: Lack of Clarity Among Structures and Fees Raises Concerns

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