The Office of Labor “clarified” a placement taken by the prior administration when it issued new steering cautioning 401(k) plan fiduciaries, as they consider financial investment selections, to prudently examine mutual money that include non-public equity holdings.
Day: January 11, 2022
Fee Disclosure Requirements for Health Plan Advisors Shed Light on Conflicts
The Division of Labor (DOL) unveiled its enforcement coverage on new rate disclosures by reward brokers and consultants who supply expert services to employer wellness programs. The disclosures let prepare sponsors check if their advisors are getting oblique compensation that creates conflicts of curiosity.