The DOL Fiduciary Rule and Erisa-Covered Retirement Plans

[Source: R. David Wentz, J.D., CHFC, Tax Favored Benefits, Inc., 07.2016 | Keywords: DOL, Employee Benefits, Retirement] On April 6, 2016 the Department of Labor released a new regulation generally referred to as the “Fiduciary Rule” which, under Employee Retirement Income Security Act of 1974, as amended (“ERISA”), will serve to significantly expand the activities which determine whether one is considered a Fiduciary by providing “investment advice” with the resulting duties and responsibilities. The final rule is not applicable until April 10, 2017 with a transitional period for full compliance running until January 1, 2018. The Fiduciary Rule applies to all ERISA-covered… Read More »