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Experts in Personalized Retirement Plan Design & Administration

Education Carve-Out in Fiduciary Rule

Among the many provisions and definitions in the forthcoming DOL fiduciary rule will likely be an “education carve-out,” considered to be one of the most high-stakes elements of the rule making for retirement plan industry providers. Source: Planadviser.com 

Key Article Quotations:

“…the DOL’s proposed version of the rulemaking would bring most service providers touching a retirement plan into the fiduciary relationship, meaning they could no longer make recommendations that will directly or indirectly increase their own compensation without potentially triggering a prohibited transaction.”

“In an effort to appease these and other concerns, the DOL rulemaking includes an extensive number of “carve-out” provisions, among them the “education carve-out,” which would discount some forms of non-product focused investment education from the range of services to be brought under the fiduciary umbrella.”

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Education Carve-Out

 

 

 

 

 

 

 

 

 

 

 

 

Education Carve-Out

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