Qualified Default Investment Alternative (QDIA) Rules
The Department of Labor has issued Final Regulations regarding the Qualified Default Investment Alternative (QDIA) rules for participant-directed retirement plans, including 401(k) plans. While providing needed clarification, the Final Regulations also disclose that stable value or money market funds will not qualify. While there is a limited exception, these capital preservation instruments will not be QDIA alternatives. A fact sheet on the QDIA rules is available by clicking here.
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