QDIA rules permit eligible default investments, including life-cycle/target-retirement-date products whose allocation becomes more conservative with age. The regulation does not name BlackRock, Vanguard, State Street, or any provider.
target retirement date (such as normal retirement age under the plan)
§2550.404c-5(e)(4)(i)
QDIA rules permit eligible default investments, including life-cycle/target-retirement-date products whose allocation becomes more conservative with age. The regulation does not name BlackRock, Vanguard, State Street, or any provider. Target-date language appears in the product definition and examples; provider selection remains with the plan fiduciary.