11th Circuit Talks Comparisons, Revives Imprudence Case Over Target Date Funds

( August 20, 2026, 10:46 AM EDT) -- ATLANTA — Saying in part that “some of the most objectively imprudent investments will lack an apples-to-apples comparison precisely because they are such objectively bad fiduciary decisions,” the 11th Circuit U.S. Court of Appeals revived an Employee Retirement Income Security Act class action focused on target-date funds (TDFs) that are proprietary to the investment manager of the retirement plan at issue....