Charles Schwab Trust Co. is planning indexed target-date collective trust funds, the Schwab Indexed Retirement Trust Funds with target dates spanning 2010-2050, for retirement plans.
There is no minimum balance requirement for the Schwab Indexed Retirement Trust Funds, and there is an all-in operation expense ratio of 0.18%. Over time, the funds' portfolios are constructed in such a way that they become more conservative. That is, once the funds' are composed of 75% fixed-income allocations and 25% stock, no more changes occur.
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