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The DOL’s new “Conflict-of-interest” (aka “fiduciary”) rule, guided to fruition by Sec. Perez, combined with 2012’s Fee Disclosure Rule, will likely dramatically change 401(k) recordkeeper business models. (Photo: AP)

Imagine waking up one morning to find the sun rising from the west. That’s the situation 401(k) recordkeepers may soon find themselves in (see “Will the DOL’s New Fiduciary Rule Redefine the Role and Boundaries of Plan Recordkeepers?FiduciaryNews.com, November 8, 2016).

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