Regional Vice President of Sales The Retirement Plan Company
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Compass
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Bates & Company, Inc.
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Loan & Distribution Specialist AimPoint Pension
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AimPoint Pension
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New Proposed Regulations Relax Restrictions on 401(k) Plan Investment Advice to Participants
Mintz Levin [Guidance Overview] Apr. 6, 2010
Excerpt: Stakeholders such as brokers and mutual fund companies have, over the course of this regulatory process, raised concerns about these new rules. [For example:] Broker compensation fallout. The regulations make clear that brokers may not receive any fee or other compensation from any party based in whole or in part on the participant's selection of an investment option. However, an affiliate of a fiduciary adviser may receive fees that vary by investment. This rule effectively kills any bonus-based compensation that may have been provided to a broker for his promotion and sale of investments, including cash, as well as trips and other rewards.
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