SEC's 12(b)-1 Proposal: Does It Actually Increase 401k Fiduciary Liability?

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SEC's 12(b)-1 Proposal: Does It Actually Increase 401k Fiduciary Liability?
Fiduciary News; free registration required

[Opinion]
Aug. 19, 2010

Excerpt: Under the current SEC proposal, the migration from the 12b-1 distribution model to the fee-based model may become the predominant strategy for this simple reason: Even if some distribution system incorporating the new 12b-2 model emerges, 401k plans will have to change their recordkeeping systems to account for individual lots. This accounting method ? which may represent a costly change ? is currently not done for retirement plans.

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