Target retirement date funds, which are also called target date or lifecycle funds, are one of the most important innovations in retirement savings. These funds provide a convenient way for a retirement plan participant to purchase a mix of asset classes, professionally designed and managed, that is rebalanced and becomes more conservative as the participant ages. At the end of April 2010, approximately $291 billion was invested in target date mutual funds.
ICI and its members have worked to enhance understanding of target date funds. This page provides information and resources on target date funds prepared by ICI. It includes FAQs, Five Principles to Enhance Understanding of Target Date Funds, links to ICI’s testimony on target date funds, and links to other relevant information. ICI will update this page as events unfold.
ICI Data on Target Retirement Date/Lifecycle Funds
- ICI Submits Comment Letter on SEC Proposal for Target Date Fund Marketing Materials (pdf) Aug 23, 2010
- ICI Testimony: U.S. Senate Special Committee on Aging Oct 28, 2009
- Supplemental Testimony on Target Retirement Date Funds Jul 20, 2009
- Target Date Fund Joint Hearing before the Department of Labor and The Securities and Exchange Commission Jun 18, 2009
Other Resources
- SEC Proposal for Target Date Fund Names and Marketing Materials, June 16, 2010
- SEC/DOL Investor Bulletin: Target Date Retirement Funds, May 6, 2010
- DOL Advisory Opinion 2009-04A on Use of Affiliated Funds in Target Date Funds, Dec 4, 2009
- Hearing on Target Date Funds in the U.S. Senate Special Committee on Aging Oct 28, 2009
- Webcast of Joint DOL/SEC Hearing on Target Date Funds, Jun 18, 2009
- Comments on June 18 Joint DOL/SEC Hearing Submitted to DOL
- Comments on June 18 Joint DOL/SEC Hearing Submitted to SEC
