DOL clarifies 'advice' vs. 'education.' (U.S. Department of Labor; retirement plans)(includes related article)

Article Abstract:

The US Department of Labor will soon release an interpretive bulletin for 401(k) professionals and plan sponsors which will distinguish between investment advice and investment education in participant-directed retirement plans. The bulletin identifies data and material classes, including their characteristics, which would not be considered investment advice. These include plan information, general financial and investment information, asset allocation models and interactive investment models.

Open-End Investment Funds, Investment Funds & Trusts, HOLDING AND OTHER INVESTMENT OFFICES, Standards, Defined contribution plans, United States. Department of Labor

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Selecting the best strategic alliance for your 401(k) plan

Article Abstract:

Strategic alliances can provide benefits consulting firms with several advantages. Among them are the chance to offer, at lower costs, a variety of daily valuations and the ability to select investments from different mutual fund families. However, plan sponsors need to know exactly what they can get through an alliance and the costs involved. A list of nine questions and answers which can serve as a guide for such assessments is provided.

Management, Planning, Strategic alliances (Business)

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