Examples of Target Date Fund in a sentence
A Dynamic Target Date Fund that invests in securities of any registered investment company other than a money market Fund shall attribute the registered investment company’s fees to the investing Fund’s operating expenses.
Such Target Date Fund is intended to be a “qualified default investment alternative” as described in Department of Labor Regulation Section 2550.404c-5(e).
In that case, the Investment Election will be deemed to be (until changed) a Target Date Fund based on the Participant’s age and expected retirement date (assumed to be such Participant’s Normal Retirement Date), rounded to the nearest Target Date Fund offered under the Plan, and all amounts transferred to this Plan will be invested initially in such Target Date Fund and then reinvested pursuant to an Exchange Election made by the Participant, or as otherwise directed by the Plan Administrator.
In the absence of an Investment Election, and subject to such rules as the Plan Administrator may make, Contributions (and loan repayments) will be invested in a Target Date Fund based on the Participant’s age and expected retirement date (assumed to be such Participant’s Normal Retirement Date), rounded to the nearest Target Date Fund offered under the Plan.
On April 17, 2017 the Board of Trustees of Wells Fargo Funds Trust approved the removal of “Dow Jones” from the name of each Target Date Fund, effective on or about July 14, 2017.