Companies that sponsor 401(k) plans need to consider employee demographics when deciding which types of qualified default investment alternative to offer, according to research by Manning & Napier.

A so-called QDIA is a plan that does all of the work for plan participants. These can include target-date funds, lifestyle funds or managed accounts. Participants put money into them and someone else does the work of managing the assets and diversifying the investments. As workers move closer to retirement, their investments become less risky.

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