U.S. Department of Labor Issues Final Prohibited Transaction Exemption Regarding Compensation for Fiduciary Investment Advisers of Retirement Plans and IRAs
By EsqSocial Corporation 01/02/21
On December 15, 2020, the U.S. Department of Labor ("DOL") issued a final prohibited transaction exemption (“Final PTE”) defining the conditions under which fiduciary investment advisers are allowed to receive compensation for advice to ERISA-covered benefit plans, plan participants, and IRAs, and to engage in principal transactions....
By: Hodgson Russ LLP