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Not Quite QPAMDEMONIUM: DOL Issues Final Changes to the QPAM Exemption

On April 3, 2024, the Department of Labor (the “DOL”) issued its final amendment (“Final Amendment”) to Prohibited Transaction Class Exemption 84-14, commonly referred to as the “QPAM Exemption”. Generally, the QPAM...more

Let it “Roll” (for a Little While): DOL Issues Limited Relief Regarding New Fiduciary Exemption

The U.S. Department of Labor (the “DOL”) yesterday, on October 25, 2021, issued Field Advice Bulletin 2021-2 (the “2021 FAB”), along with an explanatory notice, (the “2021 Notice”) in connection with compliance with...more

“Rolling” Ahead with New Fiduciary Guidance - Proposed ERISA Exemption Provides Some Early July 4th Fireworks

This week, on June 29, 2020, the U.S. Department of Labor (the “DOL”) issued a release (the “Release”) proposing an important new initiative for retirement accounts (“Plans”) that are subject to the Employee Retirement Income...more

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