Target Date Funds: What You Need to Know

Lorman Education Services
Training overview
Professional Course
1.5 hours

Course description

Target Date Funds: What You Need to Know

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

  • You will be able to recognize the characteristics of a target date fund and what constitutes a “custom” target date fund.
  • You will be able to discuss the ERISA fiduciary responsibilities that plan fiduciaries have in selecting target date funds as a 401(k) plan investment option.
  • You will be able to describe the prudent process that can be undertaken to fulfill these responsibilities and minimize risk.
  • You will be able to review the participant disclosure obligations that must be satisfied.

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    Who should attend?

    This live webinar is designed for human resource managers, benefits professionals, presidents, vice presidents, business owners and managers, controllers, CFOs and accountants.

    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

    The cost of this Target Date Funds: What You Need to Know live webinar is $209 per participant.

    About Lorman Education Services

    Lorman Education Services

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    Contact info

    Lorman Education Services

    Lorman Education Services
    2510 Alpine Road
    54702 Eau Claire Wisconsin

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