QDIA Notice Requirements

[Lori H]

Is it no earlier than 90 days and no later than 30 days before the beginning of the plan year on an annual basis? If a plan has QDIA's, the notice MUST be sent to the participants, similar to safe harbor notice, yes?

And if the plan does not have QDIA then they do not have to issue a notice of something like "the plan does not have a QDIA"?

[Tom Poje]

correct, though if someone has already made an investment choice they don't have to receive the notice.

I think ours simply has a big note across the top that says If you have made an investment choice ignore this notice.

and you do not have to issue a notice saying the plan does not have a QDIA if that is the case.