DOL Releases New Fiduciary Rule
On Wednesday April 6, the Department of Labor (DOL) released the long-anticipated new Conflict of Interest Rule (aka “Fiduciary Rule”). Though the regulations maintain much of the substance of the proposed language, the DOL received many comments and as a result made a fair number of modifications to the language.
We are carefully reviewing the new rule and will provide a thorough analysis of its likely impact your plan, your fiduciaries and your participants. If you would like more information in the interim, the DOL has provided FAQs on their website: http://www.dol.gov/protectyoursavings/faqs.htm
The information provided is for educational purposes only. This information is from sources we believe to be reliable, but we cannot guarantee or represent that it is accurate or complete. The opinions are those of the writer, and the opinions and information presented are subject to change without notice.