DOL Default Investment Proposals

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10/13/2006: DOL Default Investment Proposals (FIS Relius)

Excerpt: The new rules protect a fiduciary from responsibility for any loss which may occur as a result of investing participant funds in a qualified default investment alternative (QDIA). However, the fiduciary is responsible for prudently selecting the QDIA, and the regulatory preamble states that fees are a major factor to consider.

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