Review our resources for client conversations.
Help clients understand how our distinct business model funds innovative medical research.
We're always looking for exceptional team members.
By Diane Gallagher - July 17, 2017
Qualified Default Investment Alternatives (QDIAs) are the risk management go-to for plan sponsors and a convenient way for plan participants to get a well-diversified investment vehicle to save for retirement. But choosing one takes thoughtful consideration. How can advisors help their plan sponsor clients fulfill one of their most important duties?
Properly selecting a QDIA is the cornerstone for complying with Department of Labor (DOL) rules, and a critical way to help increase fiduciary protection. In conjunction with Jason Roberts, nationally-recognized ERISA attorney of the Retirement Law Group, we developed an easy-to-follow process to help clients in QDIA selection.
The five steps walk you through a review of the current default fund, research options and QDIA selection, followed by implementation and oversight. This step-by-step guide covers the major milestones—including key considerations for each stage.
Use the five-step process below when selecting an investment that meets QDIA rules.
Determine if the process used to select your plan’s current default meets QDIA guidance.
Collect data on available providers and QDIA types to determine the best match for your plan and participants.
Choose the most appropriate investment to serve as your plan’s QDIA based on specific, pre-determined criteria.
Choose an implementation method that best serves the needs of your plan and your participants.
Document changing needs or demographics, confirm satisfaction of relevant criteria, and periodically re-evaluate QDIA selection process.
QDIA Qualified Default Investment Alternative
Get more information about the QDIA Selection Process and how you can help your plan sponsor clients.
In our fifth national survey of plan participants, we again heard common themes about participants’ perceptions on saving for retirement. As in years past, the results revealed that employers and plan administrators can have a profound influence on an employee’s ability to save for a secure future.
December 05, 2017
Participants don’t know how to plan for and spend retirement income. Here’s how the industry is stepping in to address the problem.
May 2020
Health Savings Accounts (HSAs) boast what other investment accounts cannot: triple tax benefits for eligible medical expenses. They also offer another way to save for retirement. However, investors may need to overcome some misconceptions to make the most of this largely untapped benefit.
May 2018
A survey of retirement savers says employees count on their employers to get prepared for retirement. Review key 2018 findings.
August 21, 2018
Properly selecting a QDIA is the cornerstone for complying with the DOL rules. Consider these 5-steps when selecting a QDIA investment.
July 17, 2017
The opinions expressed are those of American Century Investments (or the portfolio manager) and are no guarantee of the future performance of any American Century Investments' portfolio. This material has been prepared for educational purposes only. It is not intended to provide, and should not be relied upon for, investment, accounting, legal or tax advice.