"The new proposal doesn't categorically exclude any one type of business entity or model from serving as a pooled plan provider, but DOL mentions in the preamble that it believes certain entities -- such as recordkeepers, professional employer organizations (PEOs) and some insurance companies -- may well positioned to offer the plans. DOL also views broker-dealers and registered investment advisors as plausible candidates, but believes many would be reluctant to take on the roles of named fiduciary and plan administrator."  MORE >>