Growing Concern at the Department of Labor Around Brokerage WindowsAdded by Hawley Troxell in Employment Law, News on August 22, 2012
Brokerage windows offered through participant directed retirement plans such as 401(k) plans have been around for some time. Although the Department of Labor recently backed off its earlier efforts to increase an employer’s responsibility to monitor the appropriateness of these arrangements (click here for FAB 2012-02R;Q39), this article addresses possible future DOL action with respect to these arrangements.
If you sponsor a 401(k) plan with a brokerage window you should monitor the possible fiduciary issues associated with these arrangements.
For more information please contact a member of our Employment Group or call 208.344.6000.
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