Treichel stated, “The goal of this proposed rule is to protect consumers as it relates to their retirement plan assets.” The DOL is trying to help investors (or participants) with greater protection when dealing with retirement plan assets, particularly when they go to make what could be the biggest decision of their life at the point of retirement when they rollover their retirement plan assets (such as a 401(k) plan) to an individual retirement account (IRA).
Treichel interviewed by Robert Powell regarding DOL Proposed Fiduciary Rule
November 17, 2023
The Department of Labor has proposed a new fiduciary rule that would further expand who qualifies as a fiduciary. Bonnie Treichel, Founding Partner at Endeavor Law, was interviewed by Robert Powell about the impact of the rule for end investors (or participants).