The 2006 Pension Protection Act (PPA) allowed lifecycle, aka target-date funds, to serve as a “qualified default investment alternative,” permitting employers to choose them as default investment options for their 401(k), 403(b), and similar retirement plans.
Are Life-Cycle Funds Too Risky and Expensive? Print
Modified on: Thu, 18 Dec, 2025 at 4:25 PM
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