Employee Fiduciary Submits Comments to DOL on Proposed Prudence Rule
Employee Fiduciary, a 401(k) provider, urged the U.S. Department of Labor to address three participant protection gaps in its proposed prudence rule. The firm highlighted issues with fee transparency for collective investment trusts and the potential risks for small business retirement plans. The rule, published on March 30, 2026, aims to establish a six-factor framework for investment selection.
Topics: 401(k) employee_benefits fiduciary_duties investment regulatory