This sample cover letter is appropriate for use by a plan ...
Qualified Default Investment Alternative (QDIA)
Cover Letter
This sample cover letter is optional and is appropriate for use by a Plan that default invests participant’s future contributions into the Plan’s default investment option. This letter may be included with the QDIA Notice and Fact Sheet.
Employers (with their legal counsel’s assistance) must carefully review and modify this sample letter to ensure that it accurately reflects the plan’s provisions.
This document contains fill-in text fields and variable statements, shown in blue text and < >.
To complete the document, you are required to:
o Insert content into fill-in text fields
o Change the text color to black
o Print on institution’s letterhead or cut and paste content into an e-mail
o Select and attach the applicable Fact Sheet, available on the Plan Sponsor site or by contacting your Managing Consultant.
IMPORTANT INFORMATION
You are receiving this Letter, Notice and Fact Sheet to inform you how your contributions under the [institution name] [plan name] are being invested and how they will continue to be invested if you do not provide or update your investment instructions.
Please take note of the following:
• TIAA-CREF is the investment provider for your plan contributions.
• Your plan contributions are being automatically invested in
• You have the option to change the way your contributions are invested at any time. If you would prefer to choose an investment other than the Plan’s selected default investment option, no fees or expenses will apply to that transfer. For information about the investment options available under the Plan, please refer to the enrollment materials you received or visit your organizations microsite at .
Please read the attached notice carefully for details.
If you have any questions or need assistance, please contact [HR/Benefits contact info] or call TIAA-CREF at 800 842-2252.
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