Introduction — Beyond Disclosure, Into violating ERISA Fiduciary Law This Appendix analyzes how the embedding of lifetime income annuity elements inside Target-Date Funds (TDFs) violates core provisions of the Employee Retirement Income Security Act (ERISA). It updates the analysis laid out in: Annuities Are a Prohibited Transaction — DOL Exemptions Do Not Work (Nov. 1, … Continue reading Lifetime Income Annuities in 401(k) Violate ERISA and CFA Fiduciary and Ethical Standards