401(k) plan sponsors can’t ignore new fiduciary rule

The DOL may seem like it’s targeting service providers, but the true intent is to protect employee investors, and that means plan sponsors are on the hook, too

It’s oh-so-easy to disregard.

After all, with the implementation-without-enforcement “soft open,” and the between-the-line hint we shouldn’t be surprised to see a major rewrite between now and the end of the year, the DOL’s long awaited conflict-of-interest (aka “fiduciary”) ruleseems about as relevant as yesterday’s fake news.
READ MORE: http://www.benefitspro.com/2017/06/07/401k-plan-sponsors-cant-ignore-new-fiduciary-rule

Leave a Reply