Regional Vice President of Sales The Retirement Plan Company
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Bates & Company, Inc.
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AimPoint Pension
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Loan & Distribution Specialist AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Compass
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The Fiduciary Exemption for Commissions
FredReish.com Mar. 15, 2015 "[A] fiduciary adviser must receive 'level compensation,' so that the adviser is not, in effect, able to recommend investments that increase the adviser's compensation. Obviously, that is a conflict of interest. However, under ERISA and the Internal Revenue Code, it is also a prohibited transaction.... At first blush, it appears that the proposal will require more disclosure about compensation and conflicts of interest ... and will also require that a fiduciary adviser act in the best interest of the participants. Of course, that's difficult to measure ... so the devil will be in the details[.]" |
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