For more information contact MYRON STRUCK, editor, editor@targetednews.com, Springfield, Virginia; 703/ 304-1897; https://targetednews.com. WASHINGTON, June 1 The American Council of Life Insurers has issued a public comment to the U.S. Department of Labor Employee Benefits Security Administration. U.S. Department of Labor, Employee Benefits Security.
There is a growing trend of using participant data to cross-sell financial products unrelated to plan recordkeeping by large recordkeepers and asset custodians of employer-sponsored retirement plans.
Plan fiduciaries in fee litigation for failing to provide investment options at a reasonable fee for plan participants. Fiduciary Rule provided that retirement advisors must act in the best interests of their clients and make certain disclosures to their clients.
There is a growing trend of using participant data to cross-sell financial products unrelated to plan recordkeeping by large recordkeepers and asset custodians of employer-sponsored.