Benefits Attorney to Speak at NEEBC’s Final DOL ERISA Fiduciary Rule
On May 17, Ropes & Gray executive compensation & employee benefits associate, Adam Stella (New York) will present at a New England Employee Benefits Council (NEEBC) event titled "A Primer on the Final DOL Fiduciary and Related Regulations."
On April 6, the U.S. Department of Labor issued a long-awaited rule governing fiduciary status under the Employee Retirement Income Security Act (ERISA). The rule - which was more than six years in the making - vastly expands the class of individuals who are subject to the demanding ERISA fiduciary and prohibited transaction standards. It also includes a new conflict of interest standard and establishes a best interest contract exemption that will affect retirement plan maintenance and operation, as well as the way that most financial products, including mutual funds and variable annuities, among many others, are marketed and sold.
The program will provide an overview of the DOL's final rule and its effect on the retirement plans and individual retirement arrangements (IRAs), and the firms and individuals that provide services to retirement plans and IRAs.