Employee Benefits and Executive Compensation Advisory: 401(k) Plan Investments – New Proposed Regulations Relax Restrictions on Investment Advice to Participants

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On March 2, 2010, the Department of Labor published proposed regulations on the provision of investment advice to 401(k) plan participants. These regulations offer guidance and relief to plan sponsors who wish to assist plan participants with plan investment choices without triggering a prohibited transaction between the plan and the investment advice provider.

Please see full advisory below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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