Samantha Kopacz

Jun 6, 2024 | natlawreview.com | Samantha Kopacz |Brian Gallagher |Andrew Cross |Nick Oberheiden

The Department of Labor ("DOL") recently issued a regulatory package that includes a final rule updating ERISA’s definition of an investment advice fiduciary and amending certain related prohibited transaction exemptions ("PTEs"). This is the DOL's third attempt to modernize the definition of an investment advice fiduciary to more completely reflect the modern retirement plan landscape.