The concept of the qualified default investment alternative (QDIA) has been a central element of the corporate defined contribution (DC) retirement plan scene ever since it was introduced by the Pension Protection Act (PPA) of 2006. The PPA specified three main forms that a QDIA could take: balanced funds, target date funds (TDFs) and managed accounts.

What is a hybrid QDIA? This paper discusses the various QDIA options and how a hybrid QDIA offers the potential of a better fit to the needs of participants of all ages, whether they are early-career savers, pre-retirees, or post-retirees.