"While the fiduciary and prohibited transaction rules set out in ERISA and the Code impact small and large plans alike, the practical compliance requirements applicable to these two cohorts of plans could not be more different. Individuals who act as fiduciaries for large plans tend to be more sophisticated on the general subject of investing than their small-plan counterparts. The Department of Labor has recognized this to be the case in its proposed regulations and drafted the regulations accordingly."  MORE >>