ProductsOctober 20, 2016

Burrmont Compliance Labs Adds DOL Rule Information to ERISApedia.com

The Fiduciary Responsibility eSource includes discussion of the DOL’s new conflicted advice rule, best interest contract exemption and other new and amended prohibited transaction exemptions.

Reported by Rebecca Moore

Burrmont Compliance Labs LLC announced enhancements to The Fiduciary Responsibility eSource.

The publication’s searchable database now includes an extensive discussion of the Department of Labor’s (DOL)’s new conflicted advice rule, best interest contract (BIC) exemption and other new and amended prohibited transaction exemptions.

The Fiduciary Responsibility eSource is written by nationally recognized Employee Retirement Income Security Act (ERISA) and former Internal Revenue Service (IRS) and DOL attorney Charles G. Humphrey. Humphrey stated, “The new rule and related exemptions consist of over 1000 pages radically redefining what it means to be an ERISA investment advice fiduciary. It is therefore critically important for the many advisers and sponsors who are affected by the new rule to have a comprehensive, practical, and accessible resource for dealing with the opportunities and challenges it creates.”

In addition to The Fiduciary Responsibility eSource, ERISApedia.com offers extensive government data, other source material, and The Qualified Plan eSource―a complete treatise for ERISA professionals working with defined contribution plans, written by Ilene H. Ferenczy, JD, CPC, and APA, an experienced ERISA attorney.

ERISApedia.com provides retirement plan sponsors, administrators, attorneys and advisers a complete product suite of compliance and business development tools for ERISA professionals.