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BPAS
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Distributions Processor - Qualified Retirement Plans Anchor 3(16) Fiduciary Solutions, LLC
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BPAS
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Retirement Combo Plan Administrator Heritage Pension Advisors, Inc.
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EPIC RPS
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Nova 401(k) Associates
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ERISA Services Inc.
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July Business Services
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Compensation Strategies Group, Ltd.
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The Fiduciary Saga ContinuesWorldwide Employee Benefits Network [WEB] |
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Mar. 6, 2024 On-Demand Webinar |
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On November 3, 2023, the Department of Labor (“DOL”) proposed a new definition to determine when someone is acting as an investment advice fiduciary under ERISA. At the same time, they also proposed changes to a number of exemptions. This is the latest proposal in the saga that began in 2010 when DOL initially began attempting to rewrite the fiduciary standards. DOL finalized a rule in 2016, only for courts to strike it down in 2018. DOL again attempted to expand the scope of its rules in 2020, only again to be thwarted by courts in 2023. We will describe the new proposal and forecast where it is headed. The program will cover:
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