T Rowe Price Retirement Plan

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Important Information: Read the press statement for updated information on T. Rowe Price Associates, Inc.’s proposal to launch a new separate SEC-registered U.S. investment adviser, T. Rowe Price Investment Management, Inc. . TRPA will transition six of our investment strategies to TRPIM on March 7, 2022.

T. Rowe Price Retirement Plan Services, Inc., its affiliates, and its associates do not provide legal or tax advice. Any tax-related discussion contained in this website is not intended or written to be used, and cannot be used, for the purpose of avoiding any tax penalties or promoting, marketing, or recommending to any other party any transaction or matter addressed herein. Please consult your independent legal counsel and/or professional tax advisor regarding any legal or tax issues raised on this website.

Who Is T Rowe Price For

T. Rowe Price is best for long-term investors that want support in making their portfolio management and investment decisions, including planning for key life-events such as retirement and college costs. Individual and tax-advantaged retirement mutual fund accounts are T. Rowe Prices primary business, but you can still open a more traditional brokerage account. Higher net-worth individuals preferring a focus on individual stocks or access to separately managed stock accounts may want to look elsewhere. Active traders will definitely look elsewhere as T. Rowe Price has comparatively high trading costs and a platform that will not meet their needs.

• Weak trading platforms and amenities such as charting

• Higher costs, margin rates, and minimums than competitors

• No foreign exchange, crypto currencies, or futures

• Cumbersome account opening process

Why Consider This Fund

• You want the opportunity to remain in the same portfolio after the target date is reached
• You want one-step diversification with exposure to domestic stocks, international stocks and fixed-income securities
• You’ve considered your risk tolerance and want your asset allocation to become more conservative over time, but still provide growth after your retirement date to protect against longevity risk
• You want an actively managed asset allocation portfolio investing in actively managed underlying funds

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T Rowe Price Expands Partnership With Fis To Transform Recordkeeping Solutions

FIS will assume responsibility for managing retirement technology development and core operations, while T. Rowe Price will continue to be responsible for delivering investment management, client service and personalized participant experiences.

Reported by

FIS serves some of the industrys largest recordkeepers and provides the technology platform for 50 million participants and more than $3 trillion in assets.

For T. Rowe Price, FIS will assume responsibility for managing retirement technology development and core operations. As a result, about 800 T. Rowe Price operations and technology associates are being offered the same roles with FIS that they have today, with the transition effective August 1. The transitioning associates will remain in their current facilities in Owings Mills, Maryland, and Colorado Springs, Colorado, and continue to serve the T. Rowe Price account and clients.

Bill Stromberg, chief executive officer of T. Rowe Price, says that with the retirement plan recordkeeping business being dynamic and highly competitive, and following an extensive strategic review of the business, the company concluded that expanding its partnership with FIS would best accelerate the transformation of the business and support scalable growth for the long term.

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Etf And Mutual Fund Screeners

The functionality of T. Rowe Price screeners for ETFs and mutual funds is identical to the stock screener, with the pre-defined screens specific to each security type. Again, the functionality is simple but it works well. For ETFs, the pre-defined screens are no transaction fee ETFs, equity funds focusing on value, equity funds focusing on growth, top performing low cost stock funds, low cost bond funds highly rated by Lipper, and general muni bond funds rated highly by Morningstar and have low expenses as rated by Lipper. For ETFs, the advanced screener has various category filters, including profile , performance, risk, holdings, analyst ratings, and technicals.

For mutual funds, the pre-defined screens are no transaction fee, taxable fixed income, global, large cap value, large cap growth, and specialty funds that include alternative asset classes and other strategies. The advanced search functionality and criteria are the same as the ETF screener. For more traditional T. Rowe Price mutual fund customers, there are more robust tools and functionality that can be used in conjunction with risk profile and portfolio building tools. T. Rowe Price funds can also be searched on the website without an account.

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Does A Successful 401 Plan Influence A Company’s Profitability

It’s a question T. Rowe Price wanted to answer. What we found was intriguing.

The result: Significant correlations exist.

Our research determined that there are significant correlations between 401 plan performance and corporate financial performance.

The Value of 401

3:20 min. video

Higher corporate profitability is associated with companies with “great” 401s

Lower corporate profitability is associated with companies with “poor” 401s

Significant correlations exist within and across sectors, no matter the size of the company

Research Resources

We Believe In Strategic Investing

At T. Rowe Price, we believe in strategic investing. This means we don’t stop at surface-level analysis. Instead, more than 400 of our investment professionals travel the world to get the full story behind the companies we consider investing in. It’s this passion for exploration and understanding that has helped inform better decision-making and prudent risk management since 1937.

See how our investment professionals go out into the field to get the full story.

525+ investment professionals go into the field2

We use our size, resources, and research to see company operations firsthand where they happen.

We take time to interview top managers, employees, competitors, and consumers, asking direct questions to get the full story behind the numbers.

Our experienced team analyzes all of these details to make skilled, independent judgments.

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A History Of High Satisfaction

Tenured and experienced teams. Processes built on best practices. A steadfast client-first commitment.

Our continual focus on streamlining plan management, building trusted relationships, and embracing efficiency has led to high client tenure, strong client loyalty, and consistently high client satisfaction.

T Rowe Price Group Reports Preliminary Month

BALTIMORE, Feb. 10, 2022 /PRNewswire/ — T. Rowe Price Group, Inc. today reported preliminary month-end assets under management of $1.58 trillion as of January 31, 2022. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $2.2 billion in January 2022. These client transfers include $1.9 billion transferred to the target-date retirement trusts during January.

The following table shows the firm’s assets under management as of January 31, 2022, and for the prior year-end, by investment vehicle, asset class, and in the firm’s target date retirement portfolios. The fee-basis assets under management, acquired through the Oak Hill Advisors, L.P. acquisition completed on December 29, 2021, have been reflected in the asset classes noted below.

Supplemental Information

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A Broad Range Of Investment Options

As a leading provider of retirement plans and one of the largest U.S. mutual fund companies with more than $1.6 trillion in assets1, we offer access to a range of high-quality proprietary and nonproprietary investment products with flexible pricing structures. And we have the ability to add services as your needs grow and evolve.

You have access to:

• More than 90 proprietary mutual funds driven by our approach to strategic investing
• Nonproprietary investment options from more than 60 investment managers
• Access to a robust brokerage service
• Custom investment solutions for your plan’s unique needs

Our portfolio managers have deep experience, averaging 22 years in the industry and 16 years with T. Rowe Price.2

Terms Of T Rowe Price Proprietary Settlement Set

Its taken a while for the details to emerge, but we finally know the terms of a proprietary fund settlementcash and a plan design twist.

This suitfiled way back on Valentines Day, 2017involves allegations by a participant in its own plan , one David G. Feinberg, on behalf of the T. Rowe Price U.S. Retirement Program and all similarly situated Plan participants and beneficiaries , and all predecessor plans. The suit claimed that the T. Rowe Price plan fiduciaries breached their fiduciary duties by only offering T. Rowe Prices own in-house investment funds in its 401 plan, which the plaintiff claims provided a windfall to T. Rowe Price affiliates T. Rowe Price Associates, Inc. and T. Rowe Price Trust Company , collectively the TRP Investment Affiliates.

The settlement announcement was announced way back in July 2021, and came after Chief Judge James K. Bredar of the U.S. District Court for the Maryland rejected T. Rowe Prices bid for a pre-trial win back earlier last year, even as he evidenced skepticism about the merits of the caseif not the genre of such litigation altogether.

The Terms

That said, the proposed settlement provides significant relief to the Class, which in this case means:

Special Payment

Class Counsel Compensation

Other Expenses

It also references as a point of reasonability the $20,000 awarded to class representatives in the case involving John Hopkins University and its 403 plan.

Footnotes

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How T Rowe Price Retirement Funds Work

T. Rowe Price Retirement Funds, a Target Date asset allocation option, are designed to take you through retirement.

The asset mix of each Portfolio is based on a target date. This is the expected year in which participants in a Portfolio plan to retire and no longer make contributions. A team of asset allocation professionals adjusts each Portfolios make-up over time to ensure a noticeable and steady shift from equities to fixed income in the years leading to retirement.

The T. Rowe Price Retirement Funds are composed of actively managed funds and are managed to help retain your potential for growth, and aim to preserve the value of your assets at and after retirement.

As each Portfolio glides over time, its asset mix is adjusted. Looking at the image below:

• Greater emphasis on aiming to provide an income stream in your retirement years
• Actively managed T. Rowe Price funds with broad diversification
• The Funds invest in a mix of equities and bonds that gradually becomes more conservative as the target Retirement Date nears
• At the target Retirement Date, the Funds allocation to stocks is anticipated to be approximately 55% of its assets
• The Funds exposure to stocks will continue to decline until approximately 30 years after its target Retirement Date, at which its allocation to stocks will remain at approximately 20% and the remainder will be invested in bonds

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*Morningstar gives its best ratings of 5 or 4 stars to the top 32.5% of all funds based on their risk-adjusted returns. The Overall Morningstar Rating is derived from a weighted average of the performance figures associated with a funds 3-, 5-, and 10-year Morningstar Rating metrics. As of 11/30/21, 69 of 152 of our Investor Class funds received an overall rating of 5 or 4 stars.

The Morningstar Rating for funds, or star rating, is calculated for funds with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed products monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star.

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T Rowe Price At A Glance

Founded in 1937, T. Rowe Price is a leading independent investment management firm.

• S& P company with no debt on our balance sheet
• Total assets under management: More than US $1.6 trillion1
• Over 30 years of recordkeeping experience

• Over 6,500 retirement plans
• More than 2 million plan participants
• Employs more than 7,500 associates worldwide

The proactive approach of the T. Rowe Price client service team assigned to me is providing constant communication, keeping me abreast of changes, and looking to support me however necessary, and genuinely has my plan interests as a high priority.Client satisfaction survey, Chatham Partners, 2021

We’ll Help You Plan For A More Comfortable Retirement So You Can Focus On Other Important Matters

• Confidently move your goals forward with deeper knowledge, understanding, and insights

• Make informed decisions on key retirement planning topics

• Successfully shape the next phase of your life into your vision

Speak to a Retirement Specialist today.

Find out if you and your household are on track for retirement.

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Have Questions?Call us at

One of the biggest questions facing people making a change in life is financial security. For retirement, that question typically revolves around having adequate savings so you dont run out of money over a long retirement. Our financial planning experts provide some guidelines on how to assess your situation and make decisions that fit your goals.

• Tactical and strategic allocation decisions

• Strategies to align your approach with investment goals

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Have Questions?Call us at

Critical to achieving a comfortable retirement from a financial perspective is how much money you can live on day to day. Identifying and managing income from sources like Social Security, a pension, and retirement savings makes a difference.

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Health care is one of lifes biggest unexpected expenses. It can throw you for a big loop if not anticipated and factored into your financial and investment plans. Our financial planners have thought about and conducted extensive research on how to prepare for and contend with health care expenses in retirement.

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T Rowe Price Agrees To Settle Proprietary Funds Lawsuit For $7 Million

The lawsuit against T. Rowe Price had accused the firm of filling its retirement investment menu with proprietary funds.

T. Rowe Price has reached a preliminary settlement agreement with retirement plan participants to resolve a fiduciary breach claim brought against it under the Employee Retirement Income Security Act .

According to the motion for preliminary approval, T. Rowe Price has agreed to contribute $7 million into a qualified settlement fund. In addition to the monetary terms, the preliminary settlement includes a requirement that T. Rowe Price offer a brokerage window providing access for retirement plan participants to nonproprietary funds. The agreement requires court approval.

The class action settlement comprises all participants and beneficiaries in the T. Rowe Price U.S. retirement program who had a balance in a plan account at any time from February 14, 2011, through the date of entry of the order preliminarily approving the settlement, the memorandum of law states. The settlement agreement requires the defendants to make available to participants a brokerage window option for the duration of the settlement period and to permit plan participants to allocate all or a portion of their plan balances to investments provided through the brokerage window.

The defendants deny all allegations of wrongdoing and deny all liability for the claims in this action.

How This Broker Makes Money From And For You

T. Rowe Price has also joined the trend of offering no commission stock and ETF trading and, like others, payment for order flow plays a part. Although T. Rowe Prices disclosure about order routing pushes responsibility for order routing to their clearing firm, Pershing, clearly there is value to the order flow Pershing receives from T. Rowe Price and Pershing receives payment for order flow for all the orders it routes.

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A Brokerage Aimed At Mutual Fund Investors

Our editors independently research and recommend the best products and services. You can learn more about our independent review process and partners in our advertiser disclosure. We may receive commissions on purchases made from our chosen links.

• Account Minimum: $2,500
• Fees: No commission online or by mobile app, accounts with smaller balances pay more for options and broker assisted trades
• Best for: Those looking for full-service wealth management

T. Rowe Price is a mutual fund company, and their funds and fund customers are its primary focus. While you can open a brokerage account to trade individual securities, the trading functionality such as order entry and tools like charting are limited compared to other online brokers. These limitations, combined with high trading costs and margin rates, place T. Rowe Price at a disadvantage compared to its competitors in the online brokerage space. That said, long term investors at T. Rowe Price may benefit from knowledgeable and capable investment professionals that can help them with their financial planning needs. Well take an in-depth look at T. Rowe Prices offering and whether it is a good fit for your portfolio.

We Have Plans To Help You Minimize Taxes And Maximize Retirement Savings

Use this chart as a guide on which plans to consider. Compare in more detail.

Not sure which plan is right for you? Compare in more detail.

Ideal for self-employed individuals and business owners with no other employees.

• Flexibility to choose deductible business contribution percentage each year, up to 25% of total compensation1

• Both business owner and spouse may choose to make either pretax or Roth contributions

• Tax-deferred growth potential for pretax money tax-free for Roth

• Low or no annual fees

Ideal for self-employed individuals and business owners willing to make contributions for employees.

• Flexibility to choose contribution level each year, up to 25% of total compensation1 the same percentage must be contributed to all employees’ accounts

• Employees may not contribute

Ideal for self-employed individuals and business owners with under 100 employees. Allows both employer and employee contributions.

• Employer chooses each year to contribute either a matching contribution up to 3% of compensation1 or 2% non-elective contribution for each eligible employee2

• Employees may choose to make contributions, up to the lesser of: 100% of compensation or, $13,500 for 2020 and 2021.

• Tax-deferred growth potential

Ideal for employers who want to maximize flexibility in plan features, contributions, investment choices, and more.

Our experienced managers carefully manage risk as they pursue returns over longer time horizons for your investments.

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