Default Fund (QDIA) Due Diligence

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ERISA provides relief from liability for investment outcomes to fiduciaries of self-directed plans that allow participants to exercise control over the investment assets within their accounts. This safe harbor is known as Qualified Default Investment Alternatives (QDIA) and it has prescribed conditions that need to be met for fiduciary relief. CiR has the expertise to ensure the plan meets the conditions for QDIA’s which can be Target Date Funds, Model Portfolios, or other alternatives.