Retirement Plan Academy: Department of Labor Best Practices for Target Date Funds

Target date funds have grown in popularity over the past two decades and are currently the default investment option for 92% of retirement plans. As a result, The Department of Labor has published guidance for selecting and monitoring target date funds utilized in retirement plans. This critical decision impacts how many participants will invest and their future account growth.

Join us as we discuss:

• The wide range in stock and bond allocations between target date fund families
• Criteria plan sponsors (or their advisors) should consider in selecting and monitoring target date funds
• Insight from BlackRock on how they construct their target date funds to help participants at different life stages

About Retirement Plan Academy

Employers must appropriately manage retirement plans on behalf of employees but may not have in-house expertise. The Trust Company of Tennessee’s Retirement Plan Academy can help.

Build your knowledge of retirement plan topics through concise monthly virtual and in-person workshops that offer advice and best practices to plan sponsors at no cost. Retirement Plan Academy is available for all retirement plan sponsors, whether clients of The Trust Company of Tennessee or not.

Society for Human Resource Management (SHRM), HR Certification Institute® (HRCI®) and Continuing Professional Education (CPE) recertification credits are included.