Doghouse Posted December 6, 2012 Posted December 6, 2012 The broker for one of the plans we administer wants to designate a model (e.g. 41% Fund A, 11% Fund B, etc) rather than a single fund as the QDIA. I don't see anything to prohibit that, so long as the requisite information can be compiled and provided to participants in the notice. I think the broker would have to be the one compiling the information. Does anyone have any experience with this type of QDIA arrangement? Dog
Lou S. Posted December 6, 2012 Posted December 6, 2012 The broker for one of the plans we administer wants to designate a model (e.g. 41% Fund A, 11% Fund B, etc) rather than a single fund as the QDIA. I don't see anything to prohibit that, so long as the requisite information can be compiled and provided to participants in the notice. I think the broker would have to be the one compiling the information. Does anyone have any experience with this type of QDIA arrangement? Dog I agree that I don't see anything wrong in theory. Good luck with the broker compiling the info. No personal experience with this being used as a QDIA.
masteff Posted December 6, 2012 Posted December 6, 2012 Sounds like a model portfolio that would fall under (4)(ii) on the last two pages here: 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
four01kman Posted December 7, 2012 Posted December 7, 2012 I've done that a number of times, no problem. Jim Geld
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