# Default Investment Alternatives Under Participant Directed Individual Account Plans
> **Employee Benefits Security Administration** · Correcting amendments. · Published 2008-04-30 · Effective 2008-04-30 · 73 FR 23349
## Document
- **Document number:** E8-9371
- **Category:** retirement-erisa
- **Sub-agency:** Employee Benefits Security Administration
- **Federal Register citation:** 73 FR 23349
- **CFR reference:** 29 CFR 2550
- **Publication date:** 2008-04-30
- **Effective date:** 2008-04-30
## Abstract

The Department published in the Federal Register of October 24, 2007 (72 FR 60452), a final regulation providing relief from certain fiduciary responsibilities for fiduciaries of participant- directed individual account plans who, in the absence of directions from a participant, invest the participant's account in a qualified default investment alternative. The final regulation implemented recent amendments to title I of the Employee Retirement Income Security Act of 1974 (ERISA) enacted as part of the Pension Protection Act of 2006, Public Law 109-280. The Department has determined that two paragraphs in the final regulation, and one statement in the SUPPLEMENTARY INFORMATION, require correction. Accordingly, this document corrects the final regulation by revising these paragraphs.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2008/04/30/E8-9371/default-investment-alternatives-under-participant-directed-individual-account-plans)
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