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.
Get clear-eyed analysis from ERISA attorney Brad Campbell on important issues impacting plan fiduciaries.
Top ERISA attorney Brad Campbell offers his thoughts about how Target-Date Blueprint can help you implement and document DOL guidance on TDF selection.
Understanding the impact of design decisions on retirement outcomes.
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
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
See how the Qualified Default Investment Alternative (QDIA) has evolved over time as a protection against fiduciary risk.
June 28, 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.