Default Investment Alternative definition

Default Investment Alternative. Means the particular Fund Shares or other Platform Investment you specify to PCS and AdvisorTrust as your Instruction on how to invest amounts that lack a Directing Person’s investment Direction. A Default Investment Alternative may (but need not) be a Qualified Default Investment Alternative.
Sample 1
Default Investment Alternative means an investment alternative so designated by the Board into which the balance of an Individual Investment Account will be invested if no effective investment direction has been made for the Individual Investment Account.
Sample 1Sample 2
Default Investment Alternative means the Investment Fund into which Plan contributions will be invested if you fail to make investment elections. As of the date of this Summary Plan Description,
Sample 1

Examples of Default Investment Alternative in a sentence

  • The Qualified Default Investment Alternative must be an investment product or fund described in Department of Labor Regulation Section 2550.404c–5(e)(4).

  • The University and the Union will select a new Qualified Default Investment Alternative (QDIA) within a timeframe to be determined by the University’s Benefits Services Group (BSG).

  • If an Eligible Participant does not direct the investment of the assets in his or her Account, including the Automatic Contributions and Match Contributions related thereto, then such assets will be invested in a Qualified Default Investment Alternative as provided for in Section 16.03.

  • All Plan Contributions received by the Trustee shall be credited initially to the portion of the Plan that is not comprised of the ESOP Feature and thereafter, among the Investment Funds selected by the Participant, Beneficiary or Alternate Payee, and if none, to the Qualified Default Investment Alternative.

  • A Plan fiduciary shall provide to a Participant or Beneficiary the materials set forth in Department of Labor Regulation Section 2550.404c-1(b)(2)(i)(B)(1)(viii) and (ix) and Department of Labor Regulation Section 404c-1(b)(2)(i)(B)(2) relating to a Participant’s or Beneficiary’s investment in a Qualified Default Investment Alternative.

  • The Vanguard Target Date Funds are also designated as the Qualified Default Investment Alternative (“QDIA”) in the Plan as defined under Section 404(c)(5) under ERISA.

  • To the extent that a Participant, Beneficiary or alternate payee does not direct the investment of his Account, his or her Account shall be invested pending such direction in the Qualified Default Investment Alternative; provided that effective January 1, 2011, the default investment for Matching Contributions shall be the Unisys Common Stock Fund.

  • If an Eligible Participant does not direct the investment of the assets in his or her Account, including the Automatic Contributions and Match Contributions related thereto, then such assets will be invested in a Qualified Default Investment Alternative as provided for in Section 16.03 of the Plan.

  • If a Participant or Beneficiary has the opportunity to direct the investment of the assets in his or her Account (but does not direct the investment of such assets), then such assets in his or her Account will be invested in a Qualified Default Investment Alternative.

  • However, if you fail to provide investment direction (that is, you do not provide a valid instruction as to how the contributions should be invested), the contributions will be invested in a Qualified Default Investment Alternative (QDIA).


More Definitions of Default Investment Alternative

Default Investment Alternative means the Investment Fund into which Plan contributions will be invested if you fail to make investment elections. As of the date of this summary plan description, the Plan’s Default Investment Alternative is the Vanguard Target Retirement Fund that corresponds to your anticipated retirement age.
Sample 1

Related to Default Investment Alternative

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:

  • Alternative Benchmark Rate means an alternative benchmark or screen rate which is customarily applied in international debt capital markets transactions for the purposes of determining floating rates of interest (or the relevant component part thereof) in the Specified Currency, provided that all determinations will be made by the Independent Adviser in its reasonable discretion.

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.