Spencer Goldstein Discusses Benefits of Dynamic Qualified Default Investment Alternatives (QDIAs)

Dynamic Qualified Default Investment Alternatives (QDIAs) can provide the impact of personalization from managed account services to older retirement plan participants – but what is the right approach for younger participants within a plan?

OneDigital’s Senior Vice President of Retirement + Wealth, Spencer Goldstein, was featured as a panelist on a webinar with Morningstar Retirement discussing implementing QDIAs and the impact it’s having on the plan sponsor and even more importantly, the plan participant.

The participant is seeing value added in two key takeaways: having a direct line of communication to get advice – to talk to a licensed advisor who can say ‘I recommend you do this.’ And helping participants avoid making poor investment decisions. These participants, because they know there’s an advisor managing the portfolio for them, are less likely to liquidate out of the equity markets following a rough year. The value-add of having people avoid those natural pitfalls, which they may not even realize they are avoiding, has a big impact and a major benefit on their ultimate retirement outcome.
 
— Spencer Goldstein, Senior Vice President of Retirement + Wealth

To learn more about how to enhance fiduciary duty, improve plan participant outcomes and implement dynamic QDIA alternatives, tune into the full webinar from Morningstar Retirement here.

For more information on Qualified Default Investment Alternatives (QDIAs), check out this article.

Investment advice offered through OneDigital Investment Advisors, an SEC-registered investment adviser and wholly owned subsidiary of OneDigital.