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DOL Guidance Clarifies QDIA Rules (PDF)
Prudential Retirement
[Guidance Overview] July 9, 2008
3 pages. Excerpt: On October 24, 2007, the Department of Labor (DOL) issued final rules on safe harbor default investments for participant-directed defined contribution plans subject to ERISA. In response to many comments and questions received on those rules, the DOL published clarifying guidance on April 29, 2008, in the form of technical corrections and Field Assistance Bulletin (FAB) 2008-03. This Compliance Bulletin discusses the highlights of these clarifications.
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