DOL Fiduciary Rule: Impact on Retirement Plan Sponsors, Plan Advisers and Service Providers
Navigating the Expanded Definition of Investment Advice, Qualifying for Exclusions or Exemptions, Compliance, and Implementation
Recording of a 90-minute premium CLE webinar with Q&A
This CLE webinar will guide employee benefits counsel in understanding the practical implications of the Department of Labor’s (DOL) final fiduciary rule for retirement plan sponsors, plan advisers, service providers and other key groups. Employee benefits expert Marcia S. Wagner of The Wagner Law Group will examine the expanded definition of investment advice, exclusions from the definition, the best interest contract exemption, and other exemptions, compliance and implementation strategies and more.
Outline
- New fiduciary advice definition
- Exclusions from fiduciary advice definition
- BIC exemption
- BIC compliance standards
- Grandfathered transactions
- Plan sponsor issues
- Fiduciary exclusions for sponsors
- Compliance planning
- Implementation
- Update: DOL’s mandated review of fiduciary rule and related exemptions and Request for Information
- Possible modifications of BICE
- Potential additional exemption for clean shares
- Coordination with SEC
Benefits
Ms. Wagner will review these and other key issues:
- The effective dates of the rule’s various provisions
- Unpacking the new definition of investment advice and its exclusions
- The exemptions from the rule, including the best interest contract exemption
- Impact on plan sponsors
- Possible revisions to DOL guidance, including modifications of BICE and other exemptions, additional exemption for clean shares and coordination with the SEC on a uniform fiduciary standard
Faculty

Marcia S. Wagner
Managing Director
Wagner Law Group
Ms. Wagner is recognized as an expert in a variety of employee benefits issues and executive compensation matters,... | Read More
Ms. Wagner is recognized as an expert in a variety of employee benefits issues and executive compensation matters, including qualified and non-qualified retirement plans, all forms of deferred compensation, and welfare benefit arrangements. She was appointed to the IRS Tax Exempt & Government Entities Advisory Committee and is a past Chair of its Employee Plans subcommittee. Ms. Wagner has written hundreds of articles and 14 books and is widely quoted in business publications as well as being a frequent guest on televised media outlets.
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