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Participant Advice Regulations (PDF)
Seyfarth Shaw LLP Link to more items from this source
[Guidance Overview]
Apr. 1, 2010

1 page. Excerpt: The newly-proposed regulations, like the January 2009 regulations, require advice to be provided by a 'fiduciary adviser' under an 'eligible investment advice arrangement,' which either uses fee leveling or a computer model. Since many comments were received with respect to the fee modeling provisions, the newly-proposed regulations emphasize that if the fiduciary adviser receives any payment from any party, including an employer or an affiliate of the fiduciary adviser, that is based in whole or part on the investments selected by the participant, such a payment would be inconsistent with the fee leveling requirement.

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