New Guidance Requires Greater Fiduciary Oversight of Retirement Plans

On April 6, 2016, the Department of Labor (DOL) issued its long-awaited final fiduciary rule. More than five years in the making, the final rule replaces 1975 regulations defining fiduciary investment advice to address conflicts-of-interest in retirement advice. DOL’s regulatory package also includes a revised Best Interest Contract (BIC) Exemption and other changes to ERISA’s prohibited transaction exemption. The final rule takes effect on April 10, 2017; however, full compliance with the BIC exemption is not required until January 1, 2018.

Topics:

• Highlights of DOL’s final fiduciary regulatory package
• Notable changes from the proposal
• What the regulations mean for plan sponsors and their service providers
• How best to prepare 

Time:

7:00 – 9:00 am HST
10:00 – 11:00 am PT
11:00 am – 12:00 pm MT
12:00 – 1:00 pm CT
1:00 – 2:00 pm ET

Login information will be emailed to registered participants.