What’s Going On?
A fiduciary duty, the obligation to uphold the clients’ interest above all else, is Phyllis Borzi’s long sought and tunneled for goal that we at Castle Rock uphold and agree whole-heartedly with. Together, our standards are the highest in the retirement industry. She says that, like in the movie Groundhog Day, bad policies keep being […]
408(b)(2) Regulation Checklist
The Department of Labor (“DOL”) published its final regulations under Section 408(b)(2) of the Employee Retirement Income Security Act of 1974 (ERISA) in February 2012, specifying the disclosure requirements of retirement plan service providers (“fee disclosure rules”). Plan sponsors as “responsible plan fiduciaries” of covered plans must ensure that they receive all of the information […]
408(b)(2) Regulation Checklist
The Department of Labor (“DOL”) published its final Section 408(b)(2) regulation in February, prescribing the disclosure requirements that are required from retirement plan service providers. Fiduciaries and service providers of covered plans must ensure to abide by the new regulation by July 1, 2012. Now that you have had a chance to review the regulation, […]