Sometimes, it's the cure that can kill you, especially if the dosage is all wrong.
The Department of Labor – unswerving in its commitment to address any and all wrongs, perceived or otherwise – is thinking about making a change to 408(b)(2) disclosure requirements that has the ERISA Industry Committee justifiably alarmed.
The change would force insurance companies and other retirement plan service providers – including some advisors – to distribute a guide or similar tool to ensure fiduciaries really, truly, fully understand what's being disclosed to them.
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