Recent DOL Actions Increase Obligations Of Service Providers

Contents:

1. Recent DOL Actions Increase Obligations of Service Providers
2. FINRA Issues Final Guidance Regarding the Review and Supervision of Electronic Communications

Developments of Note

Recent DOL Actions Increase Obligations of Service Providers

I. Overview

Over the past few years, significant attention has been focused on the compensation paid to entities that provide investment management, recordkeeping, and other services to 401(k) plans and other plans subject to the Employee Retirement Income Security Act of 1974, as amended ("ERISA," and such ERISA-governed benefit plans, along with entities that are deemed to hold "plan assets" of such plans, "Plans"). Often these service providers offer their products to Plans under bundled arrangements ."where a variety of services are provided, sometimes by multiple entities". and those service providers may be