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SEC plans to up dollar threshold on fees for performance
By Heather TreseA new notice, part of the Dodd-Frank Act, would increase the net worth threshold to $2 million before advisers can charge performance fees.
With 401(k) litigation increasing, plan advisors and plan sponsors need to know the latest laws as well as strategies attorneys are using to sue employers and advisors. BenefitsPRO's legal coverage includes news, analysis and updates on cases.
A new notice, part of the Dodd-Frank Act, would increase the net worth threshold to $2 million before advisers can charge performance fees.