Los Angeles partner Fred Reish was quoted in an Employee Benefits News article titled “Unified Trust Takes Fiduciary Role Seriously With 401(k) Rollovers.” Unified Trust has developed Managed Rollover Solution, a plan that is meant to help workers by determining their financial goals, taking into account at what age they hope to retire, and then moving their 401(k) plans into IRAs when they leave their current companies or retire.

Fred noted that the Department of Labor’s fiduciary regulations have made it harder for advisers to recommend a rollover since advisers must now follow the regulation’s impartial conduct standards through December 31, 2017. Fred stated these standards mandate that advisers follow a best interest standard of care, receive no more than reasonable compensation, and make no materially misleading statements.

Read “Unified Trust takes fiduciary role seriously with 401(k) rollovers.”

Source: Employee Benefits News
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