| Group Estimates Fiduciary Rule Cost at $3.9B |
| A new report from the Financial Services Institute projects the DOL’s fiduciary rule implementation would cost nearly 20 times what the agency has estimated. The report argues the DOL does not take into account the ongoing costs of maintaining compliance with the rule, which will be substantial for many serving the qualified retirement plans market.
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| Clearing Up Money Market Fund Reform Misunderstanding |
| Some qualified retirement plan sponsors and service providers are misinterpreting the likely impact of the Securities and Exchange Commission’s money market fund reforms, opining the rulemaking will necessarily drive defined contribution plans away from retail money market funds. In fact this is not the case.
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| Addressing New Same-Sex Marriage Rules |
| In a 5 to 4 landmark opinion issued June 26, the U.S. Supreme Court in Obergefell v. Hodges held that each state must allow marriages between two people of the same sex and recognize such marriages when they were lawfully performed in another state. PLANADVISER columnist Marcia Wagner, of the Wagner Law Group, explains what your retirement plan clients need to know.
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