Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Retirement Plan Administrator

Nicholas Pension Consultants
(Remote / Corona CA / Rancho Cordova CA)

Nicholas Pension Consultants logo

Education Consultant

Pentegra
(Remote / Putnam Valley NY)

Pentegra logo

Retirement Plan Analyst/Administrator

Compensation Strategies Group, Ltd.
(Remote / Beaumont TX)

Compensation Strategies Group, Ltd. logo

Quality Assurance Manager

Nova 401(k) Associates
(Remote)

Nova 401(k) Associates logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon

<< Previous news item   |   Next news item >>



The DOL's Fiduciary Rule: Why Can't Regulators Do Simple?
Employee FiduciaryLink to more items from this source
[Opinion]
June 17, 2015

"The problem with the BICE is that it fails to disincentivize financial advisors from including high-cost, actively managed funds in a retirement plan -- in other words, the types of funds that get challenged in excessive 401k fee lawsuits. That make the BICE a dangerous proposition for plan sponsors who have personal liability in these lawsuits.... A clean rule would make it easier for 401k sponsors to select and monitor financial advisors obligated to put the interests of their participants first.... [P]lan sponsors have an incredibly important job as fiduciaries -- protecting the best interests of plan participants. Regulations should make that job easier and not harder."

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2022 BenefitsLink.com, Inc.