The Dept. of Labor has issued 3 pieces of guidance on qualified default investment alternatives (QDIAs) - a 2-page correcting amendment for Default Investment Alternatives Under Participant Directed Individual Account Plans, a 2-page Fact Sheet, and Field Assistance Bulletin No. 2008-03, which is 12 pages long.
Section 624(a) of the Pension Protection Act added ERISA section […]
Entries Tagged as 'Investments'
DOL Issues Guidance on Qualified Default Investment Alternatives
April 30th, 2008 · No Comments
Tags: Investments
Effective Christmas Eve, New Default Investment Alternatives Regulations Answer Automatic Enrollment Questions
October 24th, 2007 · No Comments
One of the big automatic enrollment questions was answered today with the release of the Final Regulations on Default Investment Alternatives Under Participant Directed Individual Account Plans. Plans have been permitted to automatically enroll employees in 401(k) plans for years. Before the Pension Protection Act, employers could include a provision in their 401(k) […]
Tags: Investments · 401(k)
Restricting Plan Investments Based on Public Policy
June 10th, 2007 · No Comments
On Friday, Ohio announced that its five public employee pension systems will adopt policies aimed at dropping investments in companies which do business in Iran and the Sudan. Recently, Illinois had adopted the same policy by state statute. That state statute was subsequently overturned by the U.S. District Court for the Northern District […]
Tags: Legislation · Investments
