On April 8, 2016 the Department of Labor (DOL) issued final guidance that greatly expands the types of retirement investment advice that will be subject to the fiduciary duty rules under the Employee Retirement Income Security Act of 1974 (ERISA). The so-called “conflict of interest” rule for retirement investments will have a significant effect on those who provide investment advice and sell investment products and services to retirement plans and IRAs. The central focus of the DOL guidance is to protect plan participants from conflicts of interest that could threaten their retirement savings.
Recent Posts
- 2024 Fall: Cost of Living Adjustments for 2025
- 2024 Summer: Effective Communication with Participants
- Spring 2024: Is Automatic Enrollment Required for Your Plan?
- Winter 2024: Components of Defined Contribution Plan Compliance Testing
- Fall 2023: Cost of Living Adjustments for 2024
- Summer 2023: Bonds: Is your plan covered?
- Spring 2023: Newsletter Plan Participants The More They Know The Better
- Winter 2023: SECURE 2.0 is a GO