Retirement plans will cost small businesses more under new fiduciary rule, critics contend

Considering potential cost increases and the general challenges and fiduciary requirements when offering a retirement plan, small business should research and consider a MEP through a PEO.  You be able to achieve reduced fiduciary responsibility, increased flexibility in retirement plan offerings and have access to generally lower expense ratios on investment options…the situation is only becoming more complex and expense for small businesses.  There are alternatives…

“New rules requiring investment advisers to put their clients’ best interest ahead of their own will make retirement plans more expensive and harder to get for small businesses.

That’s the U.S. Chamber of Commerce’s initial take after reviewing the 1,100-page on Wednesday

 

“This is an area where DOL has appeared to make things substantially worse,” said , president and CEO of the chamber’s Center for Capital Market Competitiveness.”  by Kent Hoover

http://www.bizjournals.com/denver/news/news-wire/2016/04/07/retirement-plans-will-cost-small-businesses-more.html?ana=e_du_pap&s=article_du&ed=2016-04-07&u=16351254404eb95db3e9b21d143d84&t=1460133404&j=72166452

 

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