Regulacje i polityka gospodarcza · 27/09/2006

Default Investment Alternatives Under Participant Directed Individual Account Plans to be Regulated

The proposed regulation aims to implement recent amendments to ERISA, enacted as part of the Pension Protection Act of 2006, by deeming a participant's control over assets in their individual account if the plan invests in a qualified default investment alternative, thereby shielding fiduciaries from liability for losses resulting from such investments.