The QDIA Decision

Does Your Strategy Align with Plan Goals and Demographics?

The QDIA Decision, written in collaboration with Fred Reish and Bruce Ashton, will assist fiduciaries in making a reasonable choice for a suitable type of QDIA (Qualified Default Investment Alternative), as well as an appropriate investment strategy fit, thus fulfilling their obligation under ERISA guidelines for the prudent selection and monitoring of the QDIA.

“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

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The QDIA Decision

Our Solutions

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.

Target Date Funds

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Lifestyle Funds

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“It is especially important that fiduciaries examine the asset allocation experience and track record of the investment professionals managing their QDIAs over a variety of market environments.”

Jeffrey S. Coons, President and Co-Director of Research

Additional Resources
Manning & Napier’s Target Date Strategies as a Qualified Default Investment Alternative (QDIA)

A White Paper by Manning & Napier

The provisions of the Pension Protection Act (PPA) of 2006 defined target date funds as one of three types of qualified default investment alternatives (QDIA) for use in qualified retirement plans. While the final regulations require plan fiduciaries...

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About the Authors

Jeffrey S. Coons, CFA®, PhD

Manning & Napier

Jeffrey S. Coons, President of Manning & Napier, has a broad responsibility for the management of the firm’s Research Department as well as oversight of other operational and analytical departments. Dr. Coons is also a member of the Senior Research Group which establishes and monitors portfolio investment decisions, secular investment trends, macroeconomic overviews, and the investment disciplines of the firm.

C. Frederick Reish

Drinker, Biddle & Reath LLP

C. Frederick Reish is a partner at Drinker Biddle & Reath LLP’s Employee Benefits & Executive Compensation Practice Group, Chair of the Financial Services ERISA Team and Chair of the Retirement Income Team. His practice focuses on fiduciary issues, prohibited transactions, tax-qualification and retirement income.

Bruce L. Ashton

Drinker, Biddle & Reath LLP

Bruce L. Ashton is a partner at Drinker Biddle & Reath LLP’s Employee Benefits & Executive Compensation Practice Group. With more than 35 years of practice, Bruce has gained wide experience representing businesses in sophisticated business transactions and employee benefits matters. Bruce's practice focuses on all aspects of employee benefits issues.