Tier 1: Target Date Funds
Instant investment diversification
RPB’s Tier 1 target date funds—the T. Rowe Price Retirement Blend Trusts—are built for participants who want a simple way to invest. Each target date fund is a fully diversified, pre-assembled portfolio that’s targeted to a specific retirement date. Participants typically invest in a fund with a target date closest to the year they turn 65.
How target date funds work
The difference between target funds and other diversified funds is that the allocation of stocks and bonds isn’t fixed: It changes over time to intentionally reduce your exposure to investment risk as you get older using an investment approach called a glide path.
Why is that important? When you’re younger and have more time to ride out the ups and downs of the market, you usually want to be aggressive. That means relying more heavily on stocks. As you get closer to retirement—and closer to needing your money—you typically want to preserve what you’ve saved by shifting into less risky investments, like bonds. Target date funds make these adjustments to your investment mix gradually and automatically—so you don’t have to.
Selecting a fund from the new Tier 1 lineup
To invest in Tier 1, simply select the one fund that aligns to your birth year, and you’re done! You’ll have a professionally managed, diversified portfolio for your savings in the RPB retirement plan.
Depending on your risk tolerance, time horizon, and financial situation, you may consider a fund with an earlier (more conservative) or later (more aggressive) target date than the one aligned with your birth year.
Find Your Retirement Blend Trust
Or click here to see a table showing which retirement blend trust corresponds to the age group for your birth year.
Fund Details
The Retirement Blend Trusts are diversified investments made up of other T. Rowe Price trusts. This means you get a mix of different trusts, each investing in hundreds or thousands of securities, in large and small companies, both foreign and domestic.
Retirement Blend Trusts target allocations1
Birth year 1998 or after 2.0% Bonds 98.0% Stocks | Birth year 1993 - 1997 2.0% Bonds 98.0% Stocks | Birth year 1988 - 1992 2.0% Bonds 98.0% Stocks | Birth year 1983 - 1987 2.9% Bonds 97.1% Stocks | Birth year 1978 - 1982 4.8% Bonds 95.2% Stocks |
Birth year 1973 - 1977 12.2% Bonds 87.8% Stocks | Birth year 1968 - 1972 22.0% Bonds 78.0% Stocks | Birth year 1963 - 1967 33.8% Bonds 66.2% Stocks | Birth year 1958 - 1962 44.0% Bonds 56.0% Stocks | Birth year 1953 - 1957 48.6% Bonds 51.4% Stocks |
Birth year 1948 - 1952 51.7% Bonds 48.3% Stocks | Birth year 1943-1947 54.7% Bonds 45.3% Stocks | Birth year 1942 or earlier 58.6% Bonds 41.4% Stocks |
- As of January 2025. See the fund factsheets for current allocations. Actual investments may differ slightly from targets due to active management which keeps investments on track and the glide path that automatically and gradually makes investments more conservative over time.
Looking for more hands-on investing?
Our Tier 2 self-directed funds allow you and your financial advisor to build a custom portfolio across asset classes.