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Choosing a QDIA Under the Final Rule Governing the Selection of Plan Investments
Boutwell Fay LLP Link to more items from this source
[Guidance Overview]
Dec. 9, 2020

"The DOL has made clear its position that investment funds whose objectives include non-pecuniary goals -- even if selected only on the basis of objective risk-return criteria -- should not be the default investment alternative in an ERISA plan. The prohibition, according to the DOL, is intended to help ensure that the financial interests of plan participants remain paramount by removing non-pecuniary considerations where participants' savings are being automatically invested through a QDIA. But how does one determine whether a fund's objectives, goals, or strategies use non-pecuniary factors?"

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