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DOL Issues Long Awaited Final Rule on the Definition of an ERISA Fiduciary (PDF)
Plan Sponsor Council of America [PSCA] Link to more items from this source
[Guidance Overview]
Apr. 19, 2016

"Legislative efforts to try to derail the new rule are expected, but that path forward is difficult ... Litigation also is expected, with a likely focus on the process under which the rule has been formulated and/or on the substantive features of the rule, particularly its application to IRAs.... Plan sponsors are well advised to review all of their existing relationships with service providers to determine whether those service providers should be treated as fiduciaries under the new rule, including consideration of the carve outs and the BICE, and to revise their relationships accordingly."

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