Course description
Target Date Funds: What You Need to Know
Learn the ins and outs of target date funds and if they are right for your company’s 401(k) plan. Many 401(k) plans offer target date funds as an investment choice. You will learn about the characteristics of a target date fund and what distinguishes a custom target date fund from an off-the-shelf target date fund. For plan fiduciaries, you will also learn about your fiduciary responsibilities in selecting target date funds as a 401(k) plan investment option and the prudent process that can be undertaken to fulfill these duties and minimize risk.
Learning Objectives
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Who should attend?
Training content
- Explore What Is a Target Date Fund
- Types of Investment Vehicles That Can Be Target Date Funds–Mutual Fund–Collective Trust–Managed Account–Asset Allocation Service
- The Distinction Between a Custom and Non-Custom (Off-The-Shelf) Target Date Fund and the Related Considerations for EachInvestment Strategy and Characteristics of a Target Date Fund
- Characteristics of the Asset Allocation–How It Changes Over Time (I.E., the Glide Path)–The Rate at Which It Changes (I.E., the Slope)
- What Is Meant by a "to Retirement Date" and "Through Retirement Date" ApproachERISA Considerations When Target Date Funds Are Offered as 401(K) Investment Options or as a Qualified Default Investment Alternative of the Plan
- Department of Labor Guidance and the Fiduciary Responsibilities of Plan Fiduciaries, Including Those Individuals That Serve on Plan Investment Committees
- The Process That Should Be Established to Prudently Select and Monitor Target Date Funds to Satisfy These Rules
- Participant Disclosure Obligations That Must Be Satisfied
Costs
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Lorman Education Services - Live and On-Demand Courses
Lorman Education Services is a leading provider of online professional development and corporate training for organizations and individual professionals. For more than 30 years, Lorman has delivered relevant, high-quality, professional-level courses that cover a broad range of business and technical...