A designated investment product is an investment product to be purchased automatically in the event that participants do not designate allocation ratios during the instruction period(*1) and extension period(*2) (about 4 months in total). In such cases, participants are deemed to have designated allocation ratios to purchase the designated investment product.
If no allocation ratios are designated before the extension period expires, assets will be invested in the designated investment product.
An investment product called a designated investment product varies depending on the plan.
For example, if a target-date balanced fund is presented, the investment product will be purchased based on the date of birth of participants.
＜How to check a designated investment product＞
Log in to the AnswerNet ＞ Click on the "Product Lineup" tab ＞ Click on the "Investment Product Lineup" image
(*1) Instruction period
A period prescribed in a plan document not shorter than three months starting from the date of the first contribution, etc. (3 months for plans offered by Sompo Japan DC Securities) If allocation ratios are not designated within this period, Sompo Japan DC Securities will send a "Request for providing investment instructions (designation of allocation ratios/switching)" (postcard) to the registered address.
(*2) Extension period
A period prescribed in a plan document not shorter than two weeks starting from the day following the expiration date of instruction period. (4 weeks for plans offered by Sompo Japan DC Securities)