Voya Financial, Inc. announced the launch of MyCompass American Funds, the latest addition to Voya?s suite of target date fund solutions for plan sponsors. Now available to all Voya retirement plan customers, MyCompass American Funds offers a collective investment trust target date series that includes management from industry leaders including Voya Investment Management, American Funds from Capital Group and Wilmington Trust Co. The new target date series further complements Voya?s current suite of TDF solutions including MyCompass Index and those offered through Voya IM. Based on increasing demand from retirement plan advisors, the solution was built to support a more active equity management approach, leveraging the success of Voya?s MyCompass Index solution, which was launched in 2019 and in just two years has achieved more than $2 billion in plan assets. Specifically, Voya?s MyCompass American Funds CIT target date series is designed to build and preserve the wealth of individuals by offering the following key features and benefits: Thoughtful glidepath that balances market risk and longevity risk by emphasizing funds with historically higher-yielding, lower volatility equity funds as the participant ages; Actively managed underlying funds; Flexible mandates, such as global and multi-asset funds, that enable bottom-up asset allocation tilts with the goal of enhancing returns and helping to mitigate risk; and, A stable value allocation that seeks to reduce volatility. Often serving as the default investment option for individuals? defined contribution plans, target date fund strategies continue to grow in popularity among employers, retirement plan advisors and plan participants alike. According to the latest industry data from the Employee Benefit Research Institute, at year-end 2018, more than half of 401(k) participants in their database held target date funds, with target date fund assets accounting for more than one-quarter of total 401(k) plan assets.