2 results found
Reed Smith LLP | USA | 1 Dec 2010
DOL proposes rule broadening the definition of 'fiduciary' under ERISA
The Department of Labor ("DOL") has issued proposed regulations that would more broadly define the circumstances under which a person is considered a "fiduciary" under the Employee Retirement Income Security Act of 1974 ("ERISA") by reason of giving investment advice.
Reed Smith LLP | USA | 4 Nov 2010
DOL finalizes new fee and investment disclosure rules for participant-directed plans
The Department of Labor has issued final regulations setting forth certain fiduciary obligations regarding the disclosure of fees and expenses to participants and beneficiaries in participant-directed individual account plans, such as 401(k) plans.