Although an entire series of target date funds may be marketed to retirement plan sponsors, they may decide to choose only a few funds out of the series. So say data from a new analysis of 401(k) recordkeeper platforms released Tuesday by the Financial Research Corporation (FRC).

The FRC study was released at the same time that Morningstar completed its quarterly review of target-date fund family ratings, and some changes were made—including a downgrade for powerhouse target-date provider Charles Schwab.

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