Interesting Angles on the DOL’s Fiduciary Rule #5
This is my fifth article about interesting observations “hidden” in the preambles to the fiduciary regulation and the exemptions. The Best Interest Contract Exemption (BICE) has a special exemption for “level fee fiduciaries” who recommend to plan participants that they take distributions and rollover to an IRA advised by the fiduciary adviser. (A level fee […]