The new DOL Fiduciary Rules: What do they mean for Plan Sponsors?
In the news much has been made of the U.S. Department of Labor's new regulations concerning who is a "fiduciary" and the impact that these new regulations will have on those who provide investment advice to retirement savers. But what do these new rules mean for employers who sponsor qualified retirement plans?
This HR Circle, presented by Wiggin and Dana Partner Karen Clute and Associate Lisa McIntyre, will provide an overview of the basic ERISA fiduciary obligations of employers who offer retirement plans to their employees, and then highlight how things have (and have not) changed with this new regulatory initiative. The program will also provide a brief summary of new Connecticut legislation creating a state sponsored retirement program intended to help employees save for retirement.