Target-date funds may certainly be increasing in popularity, but the tools to help financial advisers sort through the available choices are sorely lacking. That was the finding of a recent poll of 168 advisers to defined contribution plans, conducted by Harris Interactive for JPMorgan Funds.

Plan sponsors need better tools to evaluate target-date funds, according to 75% of the financial advisers surveyed. Another 76% said they believe that sponsors only sometimes, rarely or even never are able to ascertain the difference between the glide paths of one target-date fund and another. This is making it very time-consuming for 401(k) advisers to work with sponsors interested in target-date funds, respondents said.

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