DOL Final Regulations on Participant Investment Advice

 The DOL finalizes its regulation on the provision of investment advice to participants by fiduciary advisers.

Document Excerpt

This document contains final rules under the Employee Retirement Income Security Act, and parallel provisions in the Internal Revenue Code of 1986, relating to the provision of investment advice by a fiduciary adviser to participants and beneficiaries in participant-directed individual account plans, such as 401(k) plans, and beneficiaries of individual retirement accounts (and certain similar plans). These rules affect sponsors, fiduciaries, participants and beneficiaries of participant-directed individual account plans, as well as providers of investment and investment advicerelated services to such plans.



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