Compass
|
Bates & Company, Inc.
|
AimPoint Pension
|
Loan & Distribution Specialist AimPoint Pension
|
Regional Vice President of Sales The Retirement Plan Company
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
Participant Advice Regulations (PDF)
Seyfarth Shaw LLP [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. |
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |