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Plan Sponsor: DOL Says Protection and Flexibility the Themes of New Fiduciary Proposal


Craig Howell has spent the last seven years in business development with Ubiquity Retirement + Savings, a FinTech organization focused on delivering simple, low-cost, retirement savings plans for small businesses and their employees.


April 15, 2015 at 3:30 pm


Craig Howell, VP of business development at Ubiquity Retirement + Savings, helps breakdown the Department of Labor (DOL) rule proposal with John Manganaro at PlanSponsor.

The DOL is taking an exemptions-based approach to a stronger fiduciary standard, which if adopted in its current form, will expand the number of advisers and brokers who will be considered fiduciaries.

“From our perspective the two big concerns were, will this new rule price lower account balances of the market, and will this new rule restrict the types of compensation models advisers can use?” Howell explains, “We’re still absorbing the rule and all its nuances, but honestly they seem to have addressed these concerns pretty adequately.”

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