WASHINGTON (CN) - The Labor Department's Employee Benefits Security Administration is requesting information for implementation of statutory provisions that allow investment advice by a fiduciary adviser when computer modeling or fee leveling is used.
The provisions of the Employee Retirement Income Security Act and Internal Revenue Code the agency is implementing relate to advising participants and beneficiaries in individual account plans, such as 401(k) plans, and beneficiaries of individual retirement accounts (and certain similar plans).
The agency seeks information on investment theories, historical data and criteria that may be used for computer modeling.
Click on the document icon for this regulation and others.
Subscribe to Closing Arguments
Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.
Additional Reads
-
EU gains trillions in revenue — and debt April 22, 2024 -
Alaska, Hawaiian Airlines April 17, 2024
-
-
Contributor-Test-Post-2024-04-12 April 12, 2024