401(k) Advisors, a consultant to 401(k) plans, has expanded its Scorecard System to accommodate asset allocation funds, which include target-date funds.

“Lifecycle funds present a growing challenge to fiduciaries who must balance the favorable pending regulations with the complexities involved in evaluating this expanding group of funds,” explained Jeff Elvander, chief investment strategist at 401(k) Advisors. Asset allocation funds are difficult to benchmark because they invest in a wide number of asset classes and the allocations vary over time.

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