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Guest Serena
Posted

If a plan currently uses target date funds with a 10 year spread and now are adding a 5 year spread, can defaulted participants be moved into a more appropriate 5 year fund without giving a 30 day notice? The sponsor is giving a notice, but want to make this effective 7/1 so will only be a 2 week notice.

I am not finding much written about switching from one QDIA to another mid year.

Any thoughts?

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