Investment Policy & Design Committee / ESG Working Group

This group advances best practices in DC investment design—especially QDIAs—by promoting research, practical education, and materials that help plan sponsors and policymakers make informed decisions. It curates case studies, develops “how‑to” resources, highlights the value of institutional investment approaches, and provides technical support to other DCIIA committees.

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Featured Committee Projects

Content is provided in brief, focused topic papers designed to provide a helpful overview of each area. Each asset class paper offers an overview of strategies/structures available and highlights key considerations for implementation and otherwise.

Managed Accounts: Asset Allocation Review | Paper #4

This fourth paper in the managed account series aims to offer additional transparency about MA providers’ investment and personalization approaches.

Managed Accounts: What to Consider When Selecting a QDIA | Paper #3

This third paper in the managed account series considers several questions and answers to assist plan sponsors in working with their fiduciary committee to evaluate, select or make changes to the DC plan’s qualified default investment alternative (QDIA).

Managed Accounts: Due Diligence and Implementation Considerations | Paper #2

In this second-in-a-series white paper, we discuss how plan sponsors can determine whether managed accounts could be right for their plans.

Managed Accounts: A Primer | Paper #1

This paper includes a review of the basics of managed accounts, a summary of their usage over time, a description of how they can be offered, and considerations for determining if they are right for a particular DC plan, and if so, in what ways.

Choice and Evolution in Defaults

In this research report by the DCIIA Investment Policy & Design Committee, building on past DCIIA work, we examine current defaults and emerging solutions in the context of the themes, also considering current and likely future adoption. We provide, as a call to action, questions to reflect and act on for plan sponsors, service providers, and advisors in an Action Kit.

Investment Menu Influences in DC Plans

Designing an optimal menu of investment options for a defined contribution (DC) plan that will meet the needs of an organization’s diverse set of demographics is a challenging task for plan fiduciaries. In this report, the DCIIA Investment Policy & Design Committee examines best practices and considers five major influences on investment menu design.

Michelle Rappa

Chair

Neuberger Berman

Hannah Schriner

Vice Chair

Meketa Investment Group

Sarah Abernathy

Envestnet Retirement Solutions

Joanna Abou Khazaa

KKR

Luann Abrams

CEOX

Anne Ackerley

BlackRock

Ed Adams

IBM

Julie Agnew

William and Mary - Raymond A. Mason School of Business

Ali Ahmed

Fidelity Investments

Yaqub Ahmed

Franklin Templeton

Elizabeth Aidoo

Francis, LLC

Sammy Aimone

NEPC

Tamy Allen

DCIIA

Tiffany Allen

Principal

Patricia Ammann

Minnesota State Board of Investment

Chris Anast

Capital Group

Elizabeth Anathan

Editorial and Communications Advisory Group

Michael Andeberhan

State Street Investment Management

Edward Angel

Fluor Corporation

Meenu Annamalai

Brookfield Asset Management

Ashwini Apte

Apollo Global Management/Athene

Jennifer Archer

Editorial and Communications Advisory Group

Tyler Archer

Principal

David Ardente

Blackstone

Illiana Arroyo

Mercer

Vikrant Arya

TIAA/Nuveen

Rory Atwell

CAPTRUST

Angelo Auriemma

Mercer

Rob Austin

Alight Solutions

Rob Austin

Alight Solutions

Rob Bacher

RBC Total Rewards

Joe Baierl

Capital Group

Heather Balley

AllianceBernstein

Kerry Bandow

Russell Investments

Sudipto Banerjee

T. Rowe Price

Clint Barker

PGIM/Prudential/Jennison Associates

Daryle Barnard

Bank of America/Merrill Lynch

Grace Barnard

Editorial and Communications Advisory Group

Amber Barrow

LCG Associates

Rachel Barry

BlackRock

Lisa Barton

Morgan, Lewis and Bockius

Dan Basile

Ascensus

Christine Bass

Pacific Life

Amber Bastian

Empower

Gay Lynn Bath

University of Oregon

Zarah Bautista

HUB International

Andrew Bayliss

Marsh McLennan Agency

Ken Bayne

AllianceBernstein

Derek Beane

MFS Investment Management

Dan Beaton

Fiera Capital

Mike Beckerman

Voya

Kathleen Beichert

Jeanne Belanger

BlackRock

Christopher Bendlak

Xerox Corporation

Evan Benedict

Verus

Lynn Benfante

Vanguard

Felicia Bennett

Wilshire Associates

Bill Bercek

Amazon

Melissa Berg

Ascensus

Greg Best

Lauren Bienemann

J. P. Morgan

Jay Binstock

Capital Group

Anthony Bisio

Neuberger Berman

Craig Bitman

Morgan, Lewis and Bockius

Harold Bjornson

J. P. Morgan

Natalie Blain

Commonwealth

David Blanchett

PGIM/Prudential/Jennison Associates

Lisa Bleier

SIFMA

Samuel Block

Morgan, Lewis and Bockius

Samuel Block

Morgan, Lewis and Bockius

Jeremy Blumenfeld

Morgan, Lewis and Bockius

KC Boas

Aspen Institute

Sarah Boctor

RVK, Inc.

Mark Bojanowski

Empower

Chris Boran

Morgan, Lewis and Bockius

Aaron Borders

BX Partners

Lisa Boucher

Editorial and Communications Advisory Group

Deb Boyden

Schroders

Kristan Boyle

Alight Solutions

Gregg Braccili

Cencora

Tripp Braillard

Clarion Partners, LLC

LaTisha Brandon

Empower

Ross Bremen

Fidelity Investments

Linda Bright

Precept Advisory Group

Mark Brown

AllianceBernstein

Toni Brown

Toni Brown Consulting, LLC

Tara Brownson

NMG Financial Services Consulting

Stephen Budinsky

RVK, Inc.

Charlie Burgdorf

Esti Buskin

TIAA/Nuveen

Jose Bustamante

Los Alamos National Laboratory

Gayle Butcher

Editorial and Communications Advisory Group

Alex Cadoret

Fidelity Institutional

Dan Cahill

Partners Group

Lisa Caito

CAPTRUST

Christian Campen

T. Rowe Price

Clarke Camper

Capital Group

Nick Cangiani

NISA Investment Advisors

Matthew Cannata

Income Research + Management

Cameron Carr

CAPTRUST

Victoria Carrigan

Capital Group

Drew Carrington

iCapital