Nicholas Pension Consultants
Compensation Strategies Group, Ltd.
Nova 401(k) Associates
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|Final Rules on Automatic Rollovers (PDF)|
Transamerica Center for Retirement Studies
Oct. 26, 2004
2 pages. Excerpt: Compliance with the final automatic rollover rules is mandatory. Under the final rules, if the conditions of the safe harbor automatic rollover are satisfied, plan fiduciaries will be protected from claims of breach of fiduciary duty under the Employee Retirement Income Security Act of 1974, as amended (ERISA), for the selection of an institution to provide the individual retirement plan and the selection of investments for such plans.
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