Language in the Department of Labor’s proposed conflict-of-interest rule, which would expand the fiduciary status to advisors of 401(k) plans with less than $100 million in assets, will have significant impact on how advisors communicate basic plan information.
A team of ERISA experts at Drinker Biddle has published a client alert laying out just what the rule would mean for participant communications, assuming the proposed rule were enacted.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
