Credit: Hurca!/Adobe Stock
After studying the effectiveness of qualified default investment alternatives (QDIAs) in retirement plans, the ERISA Advisory Council (EAC) has made recommendations to the Department of Labor – and sent three proposals to the DOL – regarding QDIAs. The EAC recommendations include creating a “tips document” to help fiduciaries in choosing QDIAs with lifetime income options, improving QDIA guidance, and providing for QDIAs in IRAs.
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Lynn Cavanaugh
Lynn Varacalli Cavanaugh is Senior Editor, Retirement at BenefitsPRO. Prior, she was editor-in-chief of the What's New in Benefits & Compensation newsletter. She has worked for major firms in the employee benefits space, Vanguard and Willis Towers Watson, as well as top media companies, including Condé Nast and American Media.
