Personal Target-Date Fund Service

Modernize your retirement plan’s target-date offerings by offering participants a personalized retirement strategy combined with the simplicity of a target-date fund.

Experience an evolution of target-date fund investing. Using Morningstar Retirement’s technology platform and extensive network of recordkeeper integrations, our service considers four unique data points when assigning a participant’s risk and asset allocation strategy, providing a target-date offering that’s more tailored to their individual retirement goals.

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Personalized Strategy

Unlike a traditional target-date fund that only considers a participant’s retirement age, Personal Target-Date Fund Service delivers a strategy that considers age, income, account balance, and contribution rate.

Flexible Portfolio Options

Each asset manager can either use Morningstar Investment Management's risk assignment and allocation strategy or apply their own and carry the fiduciary responsibility.

QDIA Offering

Choose Personal Target-Date Fund Service as a qualified default investment alternative (QDIA) or as a dynamic QDIA when paired with managed accounts.

Backed by Morningstar Retirement’s Methodology

Our service uses what we believe is Morningstar Retirement’s best methodological thinking to create a personalized asset allocation via the blending of target-date funds or the selection of an alternate target-date vintage.

Personal Target-Date Fund Service Use Cases

Stand out from the crowd offering traditional target-date fund options that are built for the needs of average participants.

Improved Use of Target-Date Funds

Supported by additional data, our service provides a strategy more unique to participants’ situations than the traditional use of target-date funds.

Business Differentiator

Our service helps asset managers stay competitive, using individual data points to place a participant in a strategy that fits their retirement goals.

Insights

Research

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©2025 Morningstar Investment Management LLC. All rights reserved. The Morningstar name and logo are registered marks of Morningstar, Inc. Morningstar Retirement offers research- and technology-driven products and services to individuals, workplace retirement plans, and other industry players. Associated advisory services are provided by Morningstar Investment Management LLC, a registered investment adviser and subsidiary of Morningstar, Inc.

Personal Target-Date Fund Service is intended for citizens or legal residents of the United States or its territories. The asset manager and its target-date funds made available are chosen by the plan’s retirement product provider or plan sponsor, or their designee. Morningstar Retirement is responsible for creating an allocation strategy for a retirement account from these target-date funds. Investment advice delivered by Morningstar Retirement through this service is based on information provided and limited to the investment options chosen from those available from the asset manager. Morningstar Retirement is not affiliated with the asset managers. All investments involve risk, including the loss of principal. An investment in a target date fund is not guaranteed, and you may experience losses, including losses near, at, or after the target date. There is no guarantee that the fund will provide adequate income at and through your retirement. There can be no assurance that any financial strategy will be successful. Morningstar Retirement does not guarantee that the results of their advice, recommendations or objectives of a strategy will be achieved.