A Midwestern company has introduced target-date maturity funds and an individually managed account option designed for retirement plan participants who fail to make their own investment choices.
Mutual of Omaha Insurance Company, Omaha, Neb., says the products can help 401(k) plan sponsors comply with new federal qualified default investment alternative regulations.
The QDIA regulations encourage plan sponsors to invest the assets of participants who offer no investment allocation instructions in diversified portfolios that offer the participants some chance to benefit from increases in stock prices.