The 5th Circuit Court of Appeals ruled on March 15 that the Department of Labor overstepped its bounds in creating the so-called fiduciary rule, parts of which went into effect last year.Read More
Financial Advisor Tim Hayes Boston & Dartmouth, MA | An Independent Consultant
* The purpose of the IPS is to set up guidelines for the portfolio or retirement plan.
Section 404© of ERISA requires plan sponsors to provide specific information and education to their employees, and if a plan meets the requirement than the plan sponsor and other fiduciaries are not liable for losses in an employee account.Read More
A dispute is embroiling the financial services industry. On one side are the broker-dealers and the Chamber of Commerce. On the other are President Obama and various consumer groups. If the government wins, it will affect 401(k) plans, as well as Individual Retirement Accounts (IRAs)..Read More
Retirement plan sponsors it’s time to reconnect with financial advisors and participants. As the DOL followed through on its promise to make retirement plans more transparent with 3 new rules in 4 years.Read More