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The Reason for the DOL Rule: IRAs
Morningstar; free registration may be required Link to more items from this source
Nov. 4, 2016

"The primary reason for issuance of the Rule doesn't involve qualified retirement plans. Although litigation over the last decade has shown that hidden -- and therefore high -- costs exist even in multibillion-dollar 401(k) plans sponsored by giant corporations ... the $4.7 trillion held in 401(k) plans is relatively better regulated and incurs relatively lower costs than the $7.4 trillion held in IRAs.... The real reason for issuance of the Rule is to mitigate what the DOL regards as the bad effects resulting from the practices of some advisors providing conflicted investment advice and products to unsuspecting IRA owners."

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