DOL's New Fiduciary Rules: A Roadmap for Retirement Plans
Durham News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
U.S. Department of Labor unveils proposed rules for 401(k), 403(b), and 457(b) plans, offering a safe harbor with six key factors for prudent investment choices. The asset-neutral approach covers various investments, including private equity, private credit, and Bitcoin. The rules aim to protect fiduciaries from lawsuits and have received positive feedback. A 60-day comment period ends June 1st, with final rules potentially issued within months. Fiduciaries must remain vigilant, as the rules future may be influenced by the November election and Supreme Court rulings.
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