DOL
Get the latest news and insights on the Department of Labor's moves around the fiduciary rule, other financial regulations, enforcement actions and more.
401(k)s: Average Small Plan Expenses Exceed Large Plans’ Costs
By Danielle AndrusAverage expenses for small retirement plans are 1.3%, according to the 401k Averages Book, which published the 12th edition of its annual benchmark report on 401(k) fees on Tuesday.
January 03, 2012
DOL Faces Bi-Partisan Pushback Against Proposed Fiduciary StandardFifty-five House Republicans joined 30 House Democrats in early December to request that the Department of Labor significantly narrow its definition of fiduciary in a rule the agency is currently drafting that would impact the sale of retirement products.
December 05, 2011
DOL Faces Bi-Partisan Pushback Against Proposed Fiduciary StandardFifty-five House Republicans today joined 30 House Democrats in requesting that the Department of Labor significantly narrow its definition of "fiduciary" in a rule the agency is currently drafting that would impact the sale of retirement products.
November 29, 2011
DOL Issues Final Rule on Investment Advice . . . Again (K&L Gates)The goal of the DOLs recent investment advice ruling was a challenging one: how to best make advice available to those who needed it, without substantially increasing the chance that unfair or ill advice would be given.
November 22, 2011
7 Areas of ‘Relief’ for Advisors in DOL’s Reproposed Fiduciary RuleWell-known ERISA attorney Fred Reish predicts the areas of relief DOL will provide when it reproposes its fiduciary rule.
November 08, 2011
House Democrats to DOL: Fiduciary Reproposal Should Meet Certain StandardsMore than 30 House Democrats sent a letter to Secretary of Labor Hilda Solis that not only thanked her for Phyllis Borzis decision to withdraw the DOLs proposed rule redefining the term fiduciary, but also set out specific areas the new rule should address when its reproposed in early 2012.
November 06, 2011
Finally, Some Good News from the DOLThanks to a new rule debuted by the Department of Labor last month, employers will gain new flexibility in offering fiduciary investment advice to participants in their 401(k) retirement plans.
October 25, 2011
DOL Probing Improper BD, RIA Compensation From ERISA PlansThe Department of Labor has recently investigated eight BDs under Consultant/Adviser Project, focusing on improper compensation by benefit plan consultants and investment advisors.