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).

“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.