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DOL Fact Sheet on Proposed Regs. on Default Investment Alternatives for Individual Account Plans
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL] Link to more items from this source
[Official Guidance]
Sept. 26, 2006
Excerpt: [A qualified default investment alternative (QDIA)] must be either managed by an investment manager, or an investment company registered under the Investment Company Act of 1940. A QDIA must be diversified so as to minimize the risk of large losses. A QDIA may not invest participant contributions directly in employer securities. A QDIA may be: Life-cycle or targeted-retirement-date fund; Balanced fund; or Professionally managed account.

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