11/16/2011: DOL Final Investment Advice Guidance for 401(k) Type Plans (JD Supra, LLC)
"The final rule . . . allows investment advisers to provide individualized investment advice to participants in account balance plans, (401(k) plans, profit-sharing plans, and IRAs) if either (i) the advice is provided pursuant to a computer model certified as unbiased and as applying generally accepted investment theories, or (ii) the adviser is compensated on a 'level-fee' basis (i.e., fees do not vary based on investments selected by participants)."
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