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DOL Advisory Opinion Addresses Revenue Sharing Payments as Plan Assets (PDF)
Groom Law Group Link to more items from this source
[Guidance Overview]
July 11, 2013

"[DOL Advisory Opinion 2013-13A] provides recordkeepers of ERISA plans with significant comfort that they are not holding plan assets when they make arrangements to cover certain plan expenses out of revenue sharing payments received from third parties. The [DOL] highlighted, however, that these types of arrangements would be subject to [ERISA's prohibition on] the furnishing of services between a plan and a party in interest ... DOL indicated that plan sponsors must continue to act prudently and in the best interests of plan participants and beneficiaries in the negotiation of these types of arrangements with service providers."

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