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DOL tells employers when they must fire advisors to 401(k) plans

The new teeth in the rules went unnoticed by many people amid other changes

Author Lisa Shidler February 10, 2012 at 5:26 AM
Admin:
no description available
Fred Reish: Before, the statement said that you should consider firing the provider but now it's very clear that it's mandated.

Elmer Rich III

Elmer Rich III

February 10, 2012 — 5:16 PM

This is probably inevitable since pretty much everyone, industry and the public, sees the government as “lender of last resort” on everyone’s retirement assets.

Also, ERISA is clear that all material benefits must be fully disclosed. Frankly, the DC system has dodged this for long enough.


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Mentioned in this article:

BrightScope, Inc.
Data and ratings for RIAs

401khelpcenter.com
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Top Executive: Rick Meigs



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