DTH Posted January 30, 2008 Posted January 30, 2008 Please settle and argument for us. The QDIA Notice is required anytime there is a QDIA in the plan. It applies to plans "with" and "without" ACAs, EACAs, or QACAs. Thanks.
masteff Posted January 30, 2008 Posted January 30, 2008 The QDIA Notice is required anytime there is a QDIA in the plan. It applies to plans "with" and "without" ACAs, EACAs, or QACAs. I would agree; an ACA/EACA/QACA is not specified by the regs as a condition to either having a QDIA or providing the QDIA notice. A possible point of confusion is that the ACA notice and the QDIA notice can be combined. http://www.dol.gov/ebsa/regs/fedreg/final/07-5147.pdf Kurt Vonnegut: 'To be is to do'-Socrates 'To do is to be'-Jean-Paul Sartre 'Do be do be do'-Frank Sinatra
John Feldt ERPA CPC QPA Posted January 30, 2008 Posted January 30, 2008 If a participant makes a deferral election and has the right to direct the investment but does not choose an investment, then the trustee/fiduciary has the money placed into a default fund. In order for that trustee/fiduciary to have 404©(5) protection regarding that default fund, the fund must be a QDIA and the QDIA notice is required.
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