Investment advisors who encourage employees to roll over their 401(k) savings into an individual retirement account (IRA) must adhere to the “best interest” fiduciary standard, and do so from the first conversations about rolling over fund assets, according to new guidance from issued by the U.S. Department of Labor (DOL).
DOL Guidance Focuses on 401(k)-to-IRA Rollover Advice
by Market Cheetah | Apr 19, 2021 | Defined Contribution Plans, Fiduciary Duty, Human Resources, Retirement and Financial Planning