Plan sponsors, service providers and others in the defined contribution business are asking the Department of Labor to tread lightly as it considers new regulations for brokerage windows.
At issue is the question of whether self-directed brokerage windows expose plan participants to "imprudent" risk and whether sponsors can safely side-step fiduciary duty in making them available.
As is, the DOL requires sponsors to furnish participants with information on how brokerage windows work, an explanation of fees that are assessed, and a statement on fees charged to participants when they access the windows.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.