Court confirms QDIA safe harbor truly is a safe harbor

The U.S. 6th Circuit Court of Appeals (whose rulings apply to Kentucky employers) recently issued an important decision affirming retirement plan sponsors' protection from liability under the Employee Retirement Income Security Act of 1974 (ERISA) for investing participant funds in qualified default investment alternatives (QDIAs) in accordance with the U.S. Department of Labor's (DOL) 2007 QDIA regulations. We first reported on this case in July 2011. Read More...