QDIA Solutions

Market environments can change dramatically over the length of time that a participant is saving for retirement. Protecting participant balances in tough times is critical, particularly in the plan’s QDIA (Qualified Default Investment Alternative), an investment solution that may hold the majority of a participant’s retirement wealth. We believe plan participants benefit from continuous oversight and ongoing portfolio adjustments as market conditions change. Our goal is to maximize outcomes while minimizing risk to help participants meet their retirement savings needs.

“Fiduciaries must be attentive, but more than that, they must be knowledgeable – about how the plan is to be administered, about investment issues and about the needs of the participants.”

C. Frederick Reish

Drinker, Biddle & Reath LLP

The QDIA Decision

A White Paper by Manning & Napier

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Our Solutions

Target Date Funds

Manning & Napier employs a non-traditional fund-of-funds structure, investing each of our target date funds in managed portfolios of stocks and bonds. This unique approach ensures coordinated portfolio management decisions.

Our GOAL® CIT Funds are a low-cost solution that combines our asset allocation expertise with underlying index-based exchange-traded funds.

Mutual Funds »
CIT Funds »

Risk-Based Funds

If you feel a risk-based QDIA is a more appropriate match for your participant demographics, our options can provide participants with an active risk management approach to retirement investing.

Mutual Funds »
CIT Funds »

Manning & Napier’s lifecycle offerings include target date and risk-based mutual funds (Manning & Napier Fund, Inc. Target Series and Pro-Blend® Series) and affiliate collective investment trust (CIT) funds (Manning & Napier Pro-Mix® CIT Funds, Retirement Target CIT Funds, and MANNING & NAPIER GOAL® CIT Funds).

Because lifecycle funds invest in both stocks and bonds, the value of your investment will fluctuate in response to stock market movements and changes in interest rates. Investing in lifecycle funds also involves a number of other risks, including issuer-specific risk, foreign investment risk, and small-cap/mid-cap risk as the underlying investments change over time. Investments in options and futures, like all derivatives, can be highly volatile and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. Also, the use of leverage increases exposure to the market and may magnify potential losses. Additionally, some target date funds invest in other funds and therefore, may have additional risks associated with the underlying funds. Principal value is not guaranteed at any time, including at the target date (the approximate year when an investor plans to stop contributions and start periodic withdrawals).

Additional Resources

Identify Your QDIA Solution

Use QDIA Sync to evaluate your plan’s demographics and generate a report that provides a suitable QDIA solution, risk profile and investment characteristics.

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Our View on Demographics

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Raising the Bar on Target Date Due Diligence: Demographics Matter

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Why Do I Need a QDIA?

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