The 5th Circuit Court of Appeals ruled on March 15 that the Department of Labor overstepped its bounds in creating the so-called fiduciary rule, parts of which went into effect last year.Read More
The Fiduciary Rule applies mostly to private sector retirement plans, such as 401(k)s, SEPs, SIMPLEs, and 403(b) plans that fall under ERISA.
The Fiduciary Rule applies mostly to private sector retirement plans, such as 401(k)s, SEPs, SIMPLEs, and 403(b) plans that fall under ERISA. The administration believes the rule is needed because conflicts of interest are causing 401(k) participants and IRA owners to pay higher fees, resulting in smaller account balances.Read More
The Department of Labor believes that conflicts of interest in the financial services industry are hurting individuals who have retirement plans such as 401(k), SEP, SIMPLE, and IRAs.Read More
By striking a balance between new protections for consumers with additional burdens on the financial services industry, Financial Advisor Tim Hayes believes the Department of Labor (DOL) hit a home run with their new retirement advice rule.Read More
Retirement plan sponsors it’s time to reconnect with financial advisors and participants. As the DOL followed through on its promise to make retirement plans more transparent with 3 new rules in 4 years.Read More