Final regulations on participant-directed investments.
The Tax Adviser › Vol. 24 Nbr. 4, April 1993
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Summary
The Labor Dept has finalized rules for the extent to which a fiduciary of a retirement plan can be held liable for losses when investment decisions are made by plan participants. Fiduciaries are not liable if the plan meets certain minimum standards including having at least three diverse options and giving the participant reasonable control over the investment. The changes to the final regulations involve investment information disclosure and investments in employer stock.
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Final regulations on participant-directed investments.
The Department of Labor (DOL) has issued final regulations on the liability of plan fiduciaries for investment losses resulting from participants' direction of investments under participant-directed individual account plans. These r...
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