Skip to main content

  • AddRemove
  • Build a Report 
Legal Update

DOL Fiduciary Rule: Impact and Action Steps

11 July 2017
Mayer Brown Legal Update
With the survival of the US Department of Labor’s (DOL) new fiduciary rule (at least for now) and the applicability date (June 9, 2017) now behind us, plan sponsors who have not already begun to do so should take steps to ensure compliance in light of the changes resulting from the rule. Fortunately, the implementation of certain exemption conditions are phased-in to some extent (from June 9, 2017, to January 1, 2018), and the DOL has announced a temporary “non-enforcement policy” for those fiduciaries who are working diligently and in good faith to comply with the rule and exemptions. This Legal Update focuses on certain aspects of the rule that have implications for plan sponsors, plan committees and employees of plan sponsors who provide services for such plans and summarizes action steps that plan sponsors should consider taking now.
The Build a Report feature requires the use of cookies to function properly. Cookies are small text files that are placed on your computer by websites that you visit. They are widely used in order to make websites work, or work more efficiently. If you do not accept cookies, this function will not work. For more information please see our Privacy Policy

You have no pages selected. Please select pages to email then resubmit.