Each of the six Target Date Funds is a fully diversified mix of investment funds appropriate for the time period from today to the year in the fund’s name. (The 2010 and 2020 funds may be appropriate for people who have already reached or who are very close to retirement age.)
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A professional fund manager from T. Rowe Price adjusts the investment mix from more aggressive (meaning more stock funds) to more conservative (meaning more bond funds) as the target date nears. You don't have to do anything. The Target Date Fund will always have a diversified investment mix appropriate for your age.
Simply choose the age-appropriate fund that aligns with your birth year as shown in the table below and direct 100% of your 401(k) contributions into that one fund.
Generally speaking, target date funds target a certain date range for retirement, or the date the investor plans to start withdrawing money. Investors can select the fund that corresponds to their target date. Each diversified portfolio starts with an asset allocation considered appropriate for its years from retirement and risk tolerance. Then each portfolio gets more conservative over time as it gets closer to its target retirement date.
| If you were born | Consider this T. Rowe Price fund |
|---|---|
| 12/31/1949 or before | Retirement 2010 |
| 1/1/1950 – 12/31/1959 | Retirement 2020 |
| 1/1/1960 – 12/31/1969 | Retirement 2030 |
| 1/1/1970 – 12/31/1979 | Retirement 2040 |
| 1/1/1980 – 12/31/1989 | Retirement 2050 |
| After 1/1/1990 | Retirement 2060 |
An investment in the target date fund is not guaranteed at any time, including on or after the target date. The objective is to achieve the highest possible returns while minimizing potential risks. (Please note: there is no guarantee this objective will be met.)
The Plan offers a menu of individual stock, bond, and specialty investment funds with different risk levels and objectives. You can select a mix of funds, decide what percentage of your savings you want to invest in each fund and then monitor your account performance over time. Use the Online Advice feature to help you build your portfolio.
Index Funds
Specialty Funds
Actively-Managed Funds
The 401(k) Plan offers two ways to get personalized savings and investment advice through Voya Retirement Advisors, LLC (VRA)*:
Learn more, watch the Advisory Services video. Review the Advisory Services fact sheet.
*IMPORTANT: Forecasts, projected outcomes or other information generated regarding the likelihood of various investment options are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. In addition, results may vary each time a forecast is generated for you.
Advisory Services provided by Voya Retirement Advisors, LLC (VRA). VRA is a member of the Voya Financial (Voya) family of companies. For more information, please read the Voya Retirement Advisors Disclosure Statement, Advisory Services Agreement and your plan’s Fact Sheet. These documents may be viewed online by accessing the advisory services link(s) through the Plan website at PortlandGeneral401k.voya.com. You may also request these from a VRA Investment Advisor Representative by calling the Information Line at 844-PGN-401K (844-746-4015). Financial Engines Advisors L.L.C. (FEA acts as a sub advisor for Voya Retirement Advisors, LLC. Financial Engines Advisors L.L.C. (FEA) is a federally registered investment advisor and wholly owned subsidiary of Edelman Financial Engines, LLC. Neither VRA nor FEA provides tax or legal advice. If you need tax advice, consult your accountant or if you need legal advice consult your lawyer. Future results are not guaranteed by VRA, FEA or any other party and past performance is no guarantee of future results. Edelman Financial Engines® is a registered trademark of Edelman Financial Engines, LLC. All other marks are the exclusive property of their respective owners. FEA and Edelman Financial Engines, L.L.C. are not members of the Voya family of companies. ©2022 Edelman Financial Engines, LLC. Used with permission.
The Self-Directed Brokerage Account (SDBA) offered through TD Ameritrade is an option for experienced investors. The SDBA gives you access to a wide range of investments, including individual stocks, bonds, CDs, and over 100 commission-free ETFs. You also can choose from more than 13,000 mutual funds—many of which are no-load, no-transaction-fee (NTF) funds. Brokerage commissions and fees will be assessed for each SDBA transaction.
For details on the SDBA, go to PortlandGeneral401k.voya.com > Plan Details > Plan Highlights > Self Directed Brokerage Account or call 844‑746‑4015.
Brokerage services provided by TD Ameritrade, Inc., member FINRA/SIPC, and a subsidiary of TD Ameritrade Holding Corporation. TD Ameritrade Holding Corporation is a wholly owned subsidiary of the Charles Schwab Corporation. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. ©2022 Charles Schwab & Co., Inc. Member SIPC. Used with permission. TD Ameritrade and Voya Financial are separate and unaffiliated and are not responsible for each other's policies or services.
No Transaction Fee (NTF) mutual funds are no-load mutual funds for which TD Ameritrade does not charge a transaction fee. TD Ameritrade receives remunerations from fund companies, including those participating in its no-load, no transaction fee program, for recordkeeping, shareholder services, and other administrative and distribution services. The amount of TD Ameritrade’s remuneration for these services is based in part on the amount of investments in such finds by TD Ameritrade clients. NTF funds have other fees and expenses that apply to a continued investment in the fund and that are described in the fund’s prospectus.