COLLECTED WISDOM™ On Qualified Default Investment Alternative

DOL Field Assistance Bulletin No. 2008-03 - Summary: Since publication of the QDIA regulation, a number of issues have been raised concerning the scope and meaning of various provisions of the QDIA regulation. This Bulletin is intended to supplement the QDIA regulation by providing guidance, in a question and answer format, on a number of the most frequently asked questions. Located at: U.S. Department of Labor, April 2008. Click on headline for full article.

DOL Issues Technical Corrections to QDIA Regulation - Summary: The technical corrections affect three areas of the final regulation on QDIAs. These include changes clarifying the preamble example on "round-trip restrictions," expanding the scope of who can manage a QDIA to include a committee that is a named fiduciary of the plan, and correcting the "grandfather" relief for stable value funds. Located at: U.S. Department of Labor , April 2008. Click on headline for full article.

Qualified Default Investment Alternatives - Summary: Three questions answered concerning Qualified Default Investment Alternatives. Located at: Reish Luftman Reicher & Cohen, February 2008. Click on headline for full article.

Investments That Qualify Under the Final QDIA Regulation - Summary: This article focuses on the types of investments that qualify as QDIAs and is in a Q&A format. Located at: Reish Luftman Reicher & Cohen , January 2008. Click on headline for full article.

DOL Finalizes Qualified Default Investment Alternative Regulation - Summary: The safe harbor generally allows three types of QDIAs: life-cycle or targeted-retirement-date funds, balanced funds and professionally managed accounts. The final regulation took effect December 24, 2007. Located at: Watson Wyatt Worldwide, January 2008. Click on headline for full article.

A QDIA Decision Tree - Summary: This decision tgree is for DC plans that allow participants to direct investments. It has been designed to help plan sponsors navigate the action that may be needed in response to the DOL QDIA regulations. Located at: Prudential Retirement , November 2007. Click on headline for full article.

Final Rules on Default Investments - Summary: Plan sponsors should review these rules to determine whether a change to the plan’s default investment is prudent. Plan sponsors are not required to comply with these rules, but may choose to comply to receive the additional fiduciary protection offered by the safe harbor. Located at: Prudential Retirement , November 2007. Click on headline for full article.

Regulations on Fiduciary Safe Harbor for QDIA - Summary: The DOL issued its final regulations implementing the fiduciary safe harbor for default investments, which was added to ERISA by the Pension Protection Act of 2006. The final regulations, published on October 24, 2007, finalize the proposed regulations released September 27, 2006 and consider the more than 120 public comments sent to the DOL. Located at: Reinhart Boerner Van Deuren , November 2007. Click on headline for full article.

AUDIO: PSCA QDIA Webinar Held on November 8, 2007 - Summary: Former Assistant Secretaries of Labor, PSCA's President, and PSCA Legal Counsel address recent DOL Final Regulation on Qualified Default Investment Alternatives (QDIA). Located at: Profit Sharing/401k Council of America, November 2007. Click on headline for full article.

QDIA Notice FAQs - Summary: This is a question and answer article related to QDIAs and the QDIA notice. Located at: McKay Hochman, November 2007. Click on headline for full article.

DOL Issues the Final QDIA Regulation - Summary: The PPA directed the DOL to issue regulations within six months defining the types of investments that will qualify as QDIAs. On October 24, 2007, over a year after a proposed regulation was published, the DOL issued the final regulation for QDIAs. This article is the first in a series that analyze the regulation. Located at: Reish Luftman Reicher & Cohen, November 2007. Click on headline for full article.

DOL Issues Final Default Investment Alternative Regulations - Summary: The DOL ultimately decided not to include stable value type funds as QDIAs. The DOL stated that investments made on behalf of participants who fail to provide investment direction ought to be long-term investments. This article also reviews other aspects of the regulations. Located at: Dechert LLP , November 2007. Click on headline for full article.

DOL Issues Final Regulations on QDIAs - Summary: Although the final regulations contain substantially similar conditions and requirements as set out in the proposed regulations, sponsors and fiduciaries should review their policies and procedures to ensure that they meet all of the requirements, particularly with respect to capital preservation products. Located at: Pillsbury Winthrop Shaw Pittman LLP , November 2007. Click on headline for full article.

DOL Issues Long-Awaited Guidance on DC Plan Default Investments - Summary: After much delay, the Department of Labor has issued final regulations setting forth the conditions for fiduciary relief when plan assets are invested in a qualified default investment alternative (QDIA) in the absence of participant direction. Located at: Drinker Biddle, November 2007. Click on headline for full article.

401khelpcenter.com, LLC is not the author of the material referenced in this digest unless specifically noted. The material referenced was created, published, maintained, or otherwise posted by institutions or organizations independent of 401khelpcenter.com, LLC. 401khelpcenter.com, LLC does not endorse, approve, certify, or control this material and does not guarantee or assume responsibility for the accuracy, completeness, efficacy, or timeliness of the material. Use of any information obtained from this material is voluntary, and reliance on it should only be undertaken after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by 401khelpcenter.com, LLC.