A dozen slides with links to articles that provide details

1. Presented by Ron Surz
President of Target Date Solutions
A dozen slides with links to
articles that explain the details
Fiduciary Lawsuits:
Excessive Risk in
Target Date Funds

2. Shing Fs
Shocking Facts That Invite Lawsuits
Every slide that follows has links
to articles that provide details
Click image to read article

3. Theory Vs.
Practice
Substantive vs
Procedural
Prudence
Click images for articles
Lawsuits would
correct excessive
risk
Theory: 80% Risk-free
at retirement date Practice: 85% Risky
Human + Financial Capital
In their sales pitches fund companies say they follow the theory.

4. Glidepaths:
To versus Through is a
Distinction Without a
Difference. “Safe” vs. “Risky”
is more meaningful
U-shape is both To and
Through
The danger of safety: Blackrock lawsuits
Click image to read article

5. Target Date Fund Losses Near Retirement
2008 Losses
Practice -30
Theory -8
-35
-30
-25
-20
-15
-10
-5
0
2008 Losses in 2010 Funds 2022 Losses in 2020 Funds
2022 Losses
Practice -13
Theory -3
-14
-12
-10
-8
-6
-4
-2
0
Practice is the S&P TDF Index. Theory is the “Safe Group”: TSP, OPEIU and SMART.
Loss of more than 10% is excessive
More losses on the way
Click < Here >
for article

6. Reasons that, unlike 2008, there
should be lawsuits this time
Click image to read article

7. The Birth of the
TDF Oligopoly
Consultants choose their
client’s bundled service
provider out of convenience
and familiarity. No vetting.
TDF assets of the
largest bundled service
providers snowball,
creating the “Big 3.”
Procedural
prudence dictates
use of the Big 3,
perpetuating the
snowballing.
Oligopolies are never good for consumers because
they block new entrants and stifle innovation.
Oligarchs like the status quo, so they protect it.
Personalized target date accounts are superior to TDFs
but they’ll need to displace the oligarchs.
TDFs are NOT Vetted

8. A Good Heart but an
Empty Head is NOT Alright

9. Click Image to Read Article
Explains why fiduciaries have chosen TDFs with Excessive Risk
The Whole Shocking Story

10. Soteria Personalized
Target Date Accounts
An Innovative
Game-changer

11. Introducing Soteria Personalized
Target Date Accounts Because
Investing is Personal
Soteria is the goddess of deliverance from harm
Click image to read press release

12. What is Soteria?
(Click Image Below for 2-minute Video)

13. Wrap-up
TDFs can and should be
better – more prudent.
Ron@TargetDateSolutions.com (949)488-8339
It will take lawsuits of fiduciaries
who’ve chosen risky TDFs rather than
the fund companies themselves since
they’re merely selling product.