to QDIA or not to QDIA

[Pammie57]

does a profit sharing plan (not 401k) that allows for participant self -direction need to provide a QDIA and the notice?

[Lou S.]

No plan NEEDS to provide a QDIA notice, but if you want fiduciary relief for defaulting participant's into an investment choice, especially those who refuse to make an investment selections themselves, then you MUST provide the notice.