Recent Department of Labor (DOL) guidance on qualified default investment alternatives (QDIAs) answers some questions about last year's final regulations. Fiduciaries looking to minimize liability for default investment decisions in participant-directed retirement plans should review this guidance and understand its implications for plan design, operation and risk management. This Update highlights DOL's latest clarifications of the QDIA rules and the use of life-cycle funds, balanced funds or managed accounts for default investments. (Update, 21 May 2008, 4 pages)
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