An Even Easier Way to Invest for Retirement
What’s Changing and Why
Today, more than 4 out of 5 plan members invest in balanced funds, which offer a static mix of stocks and bonds in a single diversified fund, based on desired level of risk. While balanced funds have performed well for decades, we recognize that not everyone devotes time to understanding their tolerance for risk. Our research shows an opportunity to help guide plan members to a suitable asset mix by adjusting it systematically for them, over time.
To make it even easier to invest for retirement, we’re replacing today’s Select Series balanced funds with target date funds. Target date funds are designed to help members invest appropriately over their lifetime, based on risk tolerance as they age. They’re managed by investment professionals who adjust the mix of asset classes over time to suit members’ investment risk needs.
Do-it-yourselfers can continue to customize their account using our Build-Your-Own Series. To simplify the options and eliminate duplication, two funds will be removed: the ELCA U.S. Stock Fund and ELCA Social Purpose U.S. Stock Fund.