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Products November 18, 2005
M&I Adds Five Lifecycle Funds
November 18, 2005 (PLANSPONSOR.com) - M&I
Retirement Plan Services has added five target date
portfolios to its original lineup of six risk-based Managed
Asset Allocation Portfolios (MAAPs).
Reported by Fred Schneyer
“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
investment managers.”
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.