QDIA Choices for Retirement Savings
401(k) Services (January 2016)
When it comes to QDIAs (Qualified Default Investment Alternatives), one size does not fit all, and options can differ significantly. That’s why we offer four distinct choices that essentially let you select the QDIA that works best for you and your employees.
Four QDIA ContinuumSM Options
This table illustrates the differences between our QDIA portfolios.
Target Date Funds
Ease of concept/all–in-one funds managed to a projected retirement date or along an investment “glidepath.”
Vanguard Target Retirement
Individually Managed Accounts (IMAs)
A retirement account that is managed by an investment professional.
Stadion Managed Accounts
Morningstar® Retirement ManagerSM
With a QDIA as the default investment option for your plan, your fiduciary risk is reduced when making contributions on behalf of employees who do not provide explicit investment instructions.
And employees not comfortable with making their own investment decisions can breathe easier. Their investment selections are greatly simplified with a QDIA and they will have an acceptable long-term investment strategy under the guidelines of the Employee Retirement Income Security Act (ERISA).
Employees can also opt out of the QDIA if they choose to build their own portfolios. If they do, other investment options in your retirement plan provide access to funds in many different asset classes and styles that are carefully screened by Mutual of Omaha’s Investment Manager Oversight Committee.
Questions? Please contact your Mutual of Omaha representative or send us an email and we’ll have someone contact you. We’re always here to help you and your employees get retirement right®.