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Updates to DCP and Plan 3 Retirement Strategy Funds

Posted on November 21, 2024

A new Retirement Strategy Fund (RSF) is coming to the lineup of investment options in Plan 3 and the Deferred Compensation Program (DCP). The most recent addition – the 2070 Retirement Strategy Fund – will be available beginning Jan. 6, 2025. The newest fund is designed for those born in 2003 or later.

Meanwhile, the oldest target date fund in the RSF lineup will be “retired” at the end of this year. The 2010 Retirement Strategy Fund will close and investor accounts in that fund will transfer to the Retirement Maturity Strategy Fund Jan. 3.

No action is required from participants as the RSF lineup is updated. As these changes occur, however, it’s a good opportunity to evaluate your circumstances and make sure you’re investing in the fund that will best align with your personal financial goals.

Retirement Strategy Fund Overview
2070 Fund fact sheet
Retirement Maturity Strategy Fund fact sheet DCP or Plan 3

What is a Retirement Strategy Fund?
Also called a target date fund, this is a diversified mutual fund that automatically shifts toward a more conservative mix of investments as it approaches a particular year in the future, known as its target date. The investor picks the fund with the date closest to the date they want to begin withdrawing their contributions. The managers of the fund then make all decisions about asset allocation, diversification and rebalancing.

How do I choose a one-step Retirement Strategy Fund?

These funds are listed by date in increments of 5 years. Just choose the date closest to the one you plan to begin withdrawing funds. In other words, take the year you were born and add it to the age you expect to retire or withdraw your funds. The sum is your target date.

birth year + retirement age = target date
Example: 1993 + 65 = 2058

Pick the fund with the date closest to your target date. In the example here, the closest fund would be 2060. If you have been retired for 15 years or more, you would choose the Retirement Maturity Strategy Fund. See your plan section above for performance and fee information related to these funds.

How do I view or change my investments?

Make investment changes through your online investment account. Change your fund selections anytime during or after your employment. You can also contact the DRS record keeper, Voya Financial for assistance (888-327-5596).