Life Stage Fund Program
The Life Stage Fund program is a professionally designed and managed investment program with five diversified Life Stage Funds. These funds are designed to meet the needs of the five distinct age groups of Participants in NEAP – Under 30s, 30s, 40s, 50s, and 60s Plus. NEAP will enroll your Individual Account in the Life Stage Fund that matches your age group. As you move closer to your retirement and reach various age “milestones”, your Individual Account automatically will be moved to the Life Stage Fund best suited for your age group.
Generally, during the early years of your career, NEAP will invest your Individual Account in a Life Stage Fund with a more aggressive portfolio focused on growth. During the later years of your career, NEAP will invest your Individual Account in a Life Stage Fund with a more conservative portfolio geared toward the preservation of assets.
What Are the Different Life Stage Funds and How Do They Differ?
There are five different Life Stage Funds. Each is briefly described in the table below.
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Under 30s Life Stage Fund
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This fund is the most aggressive Life Stage Fund and is focused primarily on growth. It is meant for Participants who will not retire for about 40 years. Click here to view this Fund's asset mix.
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30s Life Stage Fund
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This fund is more conservative than the Under 30s Life Stage Fund but also provides growth opportunities. It is meant for Participants who will not retire for about 30 years. Click here to view this Fund's asset mix.
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40s Life Stage Fund
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This fund is more conservative than the 30s Life Stage Fund and is designed for stability and growth. It is meant for Participants who will not retire for about 20 years. Click here to view this Fund's asset mix.
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50s Life Stage Fund
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This fund is more conservative than the 40s Life Stage Fund and is designed for more predictable results and stable growth. It is meant for Participants who will not retire for about 10 years.Click here to view this Fund's asset mix..
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60s Plus Life Stage Fund
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This fund is the most conservative Life Stage Fund and is designed primarily to preserve and protect benefits earned. It is meant for Participants who will retire in about 5 years. Click here to view this Fund's asset mix.
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For more information about NEAP Life Stage Fund investments, please see NEAP's Summary Plan Description.
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