Patent ID: 8799137

Claim:
A system for administering destination funds having a guarantee comprising: a communications component for collecting data related to one or more investors including data regarding target date fund accounts of the investors, wherein each target date fund account has a first predetermined ratio of equity and non-equity investments, and, after a time period, has a second predetermined ratio of equity and non-equity investments weighted more than the first ratio to non-equity investments; a storage component for storing the collected investor data; and a processor configured for: accessing the stored investor data in the storage component; determining destination fund eligibility based on the stored investor data and responsive to a determination that the investor is eligible, providing an output signal indicative of eligibility; initializing, for eligible investors, destination fund accounts having a guarantee, the destination fund accounts being funded by proceeds of assets from the target date fund accounts; accessing guarantee payment eligibility criteria and destination fund data; and determining, based on the guarantee payment eligibility criteria and the destination fund data, whether guarantee payments associated with the destination fund are to be processed, and responsive to a determination that guarantee payments are to be made, providing an output signal indicative of guarantee payments to be made to a payment fulfillment system.