IA- Dept. of Labor (DOL) Fiduciary Rule Procedures (Level Fee Fiduciary)

The Dept. of Labor (DOL) Fiduciary Rule Procedures are designed for investment adviser firms that may be defined as a "fiduciary" of an employee benefit plan under the Employee Retirement Income Security Act of 1974 (ERISA) (including an individual retirement account (IRA) under the Internal Revenue Code of 1986) as a result of giving investment advice to a plan or its participants or beneficiaries.  The DOL Procedures focus on investment advisers operating under a level fee fiduciary exemption utilizing a streamlined Best Interest Contract (BIC) and include eight separate sections to address DOL compliance and regulatory focal points in addition to two corresponding exhibits.

Version/Update: V.5/June 2, 2017

Total Page Count: 25

Source/Author(s): Connexien