Navigating the Final DOL Fiduciary Rule: A Guide for Plan Sponsors
The Department of Labor (DOL) has unveiled its definitive Retirement Security Rule, presenting profound strategic implications for retirement plan sponsors. This rule expands the regulatory definition of fiduciary investment advice and introduces crucial amendments to prohibited transaction exemptions (PTEs). As organizations prepare to navigate this evolving regulatory terrain, understanding the nuances of the Fiduciary Rule becomes imperative, especially as key provisions take effect on September 23, 2024, potentially necessitating significant operational and compliance adjustments for your organization.
For additional resources to help you with your fiduciary responsibilities, take a look at The Department of Labor’s New Fiduciary Rule Article.
Disclosure
The views expressed in this presentation are the speaker’s own and not necessarily those of Faegre Drinker, HUB International or anyone else. This presentation is for general information only and is not intended to provide investment, tax or legal advice or recommendations for any particular situation or type of retirement plan. Please consult with a financial, tax or legal advisor on your own particular circumstances.
HUB Retirement and Private Wealth employees may be Registered Representatives or Investment Advisor Representatives of and offer Securities and Advisory services through various Broker Dealers and Registered Investment Advisers, which may or may not be affiliated with HUB International. Insurance services are offered through HUB International, an affiliate. Consult your financial professional for additional information about the provision of specific securities, investment advisory and insurance services by each broker‐dealer and registered investment adviser.