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Qualified Default Investment Alternative Notice DUKE UNIVERSITY FACULTY AND STAFF RETIREMENT PLAN (May 2017) This notice describes how your contributions to the Faculty and Staff Retirement Plan (the

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What is qualified default investment alternative?

A qualified default investment alternative is a type of investment option that complies with the Employee Retirement Income Security Act (ERISA) regulations.

Who is required to file qualified default investment alternative?

Employers offering retirement plans that include automatic enrollment features are required to offer qualified default investment alternatives.

How to fill out qualified default investment alternative?

Employers must choose a qualified default investment alternative and provide information about the investment option to plan participants.

What is the purpose of qualified default investment alternative?

The purpose of a qualified default investment alternative is to provide plan participants with a suitable investment option in the absence of their active investment choices.

What information must be reported on qualified default investment alternative?

Information such as the investment strategy, fees, and performance of the qualified default investment alternative must be reported to plan participants.

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