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| Pension Rights Center Comment Letter to EBSA on Proposed Regs on Default Investment Alternatives (PDF) Pension Rights Center  Nov. 15, 2006 3 pages. Excerpt: [W]e believe that a notice to a participant that his or her assets have been placed in a qualified default investment alternative (QDIA) should be provided individually to the participant in a separate notice. The Summary Plan Document or Summary of Material Modification is an inadequate format .... [Any notice] should clearly state that the plan fiduciary may not be held responsible for investment performance of a QDIA established in accordance with legal requirements. |
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