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.
Qualified Default Investment Alternative
Get more information about the QDIA Selection Process and how you can help your plan sponsor clients.
The roller-coaster ride of 2018 provides important reminders about market behavior—particularly after several years of consecutive returns.
December 28, 2018
Hear from Rich Weiss, CIO-Multi-Asset Strategies, as he shares his insight on our forward-looking framework for fund analysis.
Target-date funds are the most common qualified default investment alternative used in retirement plans today. Changing market conditions make selecting and monitoring these investments challenging.
November 15, 2018
A replay of the October 4, 2016 webcast event featuring Rich Weiss, Senior Vice President Asset Allocation Strategies at American Century Investments.
A survey of retirement savers says employees count on their employers to get prepared for retirement. Review key 2018 findings.
August 21, 2018
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
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.