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Regional Vice President of Sales The Retirement Plan Company
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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ARA Presses DOL for Changes to QPAM Exemption Proposal
American Retirement Association [ARA] [Opinion] Nov. 29, 2022 "[T]he Exclusive Authority Requirement ... should be modified so that it does not preclude routine business interactions.... [D]uring the one-year winding down period, the exemption should permit new transactions in existing accounts which may be required for a prudent winding down process.... [T]he DOL should provide at least 18 months for affected parties to come into compliance with the conditions of an amended QPAM Exemption[.]" |
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