Bates & Company, Inc.
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AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Loan & Distribution Specialist AimPoint Pension
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Compass
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Regional Vice President of Sales The Retirement Plan Company
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DOL, Industry Fight Over ERISA Prohibited Transactions
Pensions & Investments May 22, 2023 "A lawsuit by a small 401(k) plan against its former record keeper over a $20,703 surrender charge has erupted into a battle between the [DOL] and retirement industry trade organizations ... Industry groups say the DOL's interpretation of ERISA's prohibited transactions rules would unleash more lawsuits and impair the relationship between plan sponsors and service providers. The DOL says its approach affords greater protection to sponsors against transactions that may not be in the best interest of participants." |
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