23 Jun 2025
📈Regulation on Correction Methods for Retired Lifecycle Funds
Method of Correcting Errors Involving Retired Lifecycle Funds
Summary
The Federal Retirement Thrift Investment Board (FRTIB) amends its regulation regarding the method for correcting errors involving Lifecycle Funds that no longer exist. Specifically, it reverts to the use of a constructed share price to calculate breakage and the value of negative adjustments for errors involving Lifecycle Funds that no longer exist as of June 1, 2022.
Agencies
- Federal Retirement Thrift Investment Board
Business Impact
$$ - Med
This regulation defines how errors in contributions to retired Lifecycle Funds are to be corrected, impacting compliance for businesses involved in retirement planning and financial management. The shift back to using a constructed share price might require adjustments in accounting practices and financial reporting strategies for affected entities.