Published in Employee Benefit News
By Robert C. Lawton
As you work with your investment advisor on the content of your annual 401(k) plan employee education sessions, now is the time to determine whether it makes sense to re-enroll all of your participants into your Qualified Default Investment Alternative funds. A number of employers re-enroll all participants into their QDIA default funds (typically target-date funds) each year for the following reasons:
If you have never re-enrolled all your participants into your QDIA default funds, seriously consider doing so this year. Studies have shown that more than three-fourths of all participants accept their re-allocated account balance.