“Target date funds have become an increasingly popular
investment choice for retirement plan participants since it
removes the task of choosing from multiple investments
within a qualified plan by selecting a diversified account
portfolio,” said Kevin Harley, national sales manager,
M&I Retirement Plan Services, in a company news
release. “It’s also an easier way to save for retirement
when you leave the job of asset allocation to professional
According to the announcement, M&I’s Target Retirement Portfolios are designed to address the savings goals of those anticipating retirement on or near the years of 2010, 2020, 2030, 2040 and 2050.
M&I currently manages over $1.5 billion of assets in
managed asset allocation portfolios for investors and
participants in employer-sponsored retirement plans.
Marshall & Ilsley Corporation is a financial services corporation headquartered in Milwaukee, Wisconsin.