The retirement industry will be keeping a close eye on the Department of Labor (DOL) in August in anticipation of proposed regulation regarding its fiduciary rule, and whether or not a retirement plan-to-IRA rollover recommendation made by an advisor who is a fiduciary to a plan or participant constitutes a fiduciary act, necessitating the use of Prohibited Transaction Exemption (PTE) 2020-02.
To help us sort out what’s going on with the DOL’s fiduciary rule, we can think of no better source than noted ERISA expert and Faegre Drinker Partner Fred Reish.
In this edition of the 401(k) Specialist Pod(k)ast, Reish provides an overview of the PTE 2020-02 issue, what approach he thinks the DOL may take, provides a timeline for the regulation and some key thoughts on what this all means for retirement plan advisors.
Listen to All 401(k) Podcast Episodes
- What Participants Really Think with Invesco’s Greg Jenkins
- Modernizing Retirement Plan Technology with Congruent Solutions’ Mahesh Natarajan
- How Not to Get Sued: Fred Reish on Fiduciary Risk in 2026
- How Not to Get Sued: Lessons from ERISA Expert Witness Eric Dyson
- What Participants Really Want from Managed Accounts with Fidelity’s Lorianne Pannozzo
- Previewing the Nestimate Retirement Income Summit with Kelby Meyers
