November 2007 Spotlight, "Post-PPA'06 Reviews of DC Plan Investments to Ensure Safe Harbor Fiduciary Protection"

Abstract

Sponsors of defined contribution (DC) retirement plans are facing new challenges in light of greater scrutiny of fees and expenses (accompanied by a movement for greater transparency), an increased regulatory environment and additional plan administration and compliance requirements introduced by the Pension Protection Act of 2006 (PPA'06). PPA'06 also provided additional steps that DC plan sponsors must take to be eligible for fiduciary protection under ERISA. Recently released final regulations on qualified default investment alternatives (QDIAs) explain and clarify a few of those steps. This Spotlight focuses on the fiduciary's role with respect to DC investment offerings.

* This issue of Spotlight is a publication of Segal Advisors, Sibson Consulting's investment consulting affiliate.

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