Following up on its calls for stricter oversight of managed account providers to 401(k) plans, the Government Accountability Office is undertaking a review of qualified default investment alternatives in 401(k) plans.
The latest study was initiated after the GAO completed its investigation of managed accounts, which spawned the agency's interest in the relationship that managed accounts have with the QDIAs they use in 401(k) plans, specifically target-date funds and stable value funds.
Its review has been expanded to include all QDIAs.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
