Devoted to Corporate Attorneys, Corporate Lawyers, and Corporate Counsel

Under the PPA and the final new regulations, participants who do not give investment instructions, and whose accounts are invested by default rules, will be deemed to be exercising investment control if notice requirements are met, and the default investments are stable value funds, or an intermediate investment grade bond, which are popular among employers. This allows plan fiduciaries to be protected from the losses that may result.  This will encourage people to take on the fiduciary roles.