Retirement Plan Management: Choosing a Qualified Default Investment Alternative (QDIA)
As more employers adopt automatic enrollment for 401k plans, choosing and monitoring the QDIA has become a critical fiduciary decision. This session will lay out some practical guidelines for selecting and reviewing an appropriate default investment alternative. Using the recent Department of Labor guidelines, a practical approach for evaluating the investment philosophy, glidepath structure, investment expenses and vehicle structure will be outlined. The differences between target date, managed accounts, and balanced accounts will also be discussed as well as when it is prudent to choose one over the other.
Kevin Mahoney, CIMA
As founder of Corporate Advisors Group, Kevin Mahoney joined Raymond James as a Managing Director, Investments and Senior Institutional Consultant in 2015. Kevin brings over 25 years’ experience in the financial services industry. His areas of expertise include fiduciary risk management, ERISA issues, qualified and non-qualified retirement plans, liability driven investing, philanthropic services, employee education and communication.
Kevin led the launch of SHRM 401(k) Solutions by Raymond James. SHRM 401(k) Solutions by Raymond James offers fiduciary investment advisory services to SHRM’s ecosystem. We help employees make meaningful progress towards their financial goals and employers meet their fiduciary responsibilities.