Standards for Brokerage Windows in Participant-Directed Individual Account Plans

14 organizations filed 14 public comments on Standards for Brokerage Windows in Participant-Directed Individual Account Plans, at the Employee Benefits Security Administration. The comment window closed 4269d ago.

Abstract

The Employee Benefits Security Administration of the U.S. Department of Labor (the Department) is publishing this Notice as part of its review of the use of brokerage windows (including self-directed brokerage accounts or similar arrangements) in participant-directed individual account retirement plans covered by the Employee Retirement Income Security Act of 1974 (ERISA). Some plans offer participants access to brokerage windows in addition to, or in place of, specific investment options selected by the plans’ fiduciaries. Through these arrangements, plan participants may be able to choose among the full range of investment options available in the investment marketplace. The Request for Information contained in this Notice will assist the Department in determining whether, and to what extent, regulatory standards or other guidance concerning the use of brokerage windows by plans are necessary to protect participants’ retirement savings. It also will assist the Department in preparing any analyses that it may need to perform pursuant to Executive Order 12866, the Paperwork Reduction Act, and the Regulatory Flexibility Act.

Commenters (14)

• 1210-AB59 comment 16 American Bankers Associationtrade assoc.

  1 filing · confidence 85%
• 1210-AB59 comment 18 Financial Services Roundtabletrade assoc.

  1 filing · confidence 85%
• 1210-AB59 comment 19 Plan Sponsor Council of Americatrade assoc.

  1 filing · confidence 85%
• 1210-AB59 comment 21 American Council of Life Insurerstrade assoc.

  1 filing · confidence 85%
• 1210-AB59 comment 23 American Benefits Counciltrade assoc.

  1 filing · confidence 85%
• 1210-AB59 comment 24 The ERISA Industry Committeetrade assoc.

  1 filing · confidence 85%
• 1210-AB59 comment 30 Defined Contribution Institutional Investment Associationtrade assoc.

  1 filing · confidence 85%
• 1210-AB59 comment 32 Investment Company Institutetrade assoc.

  1 filing · confidence 85%
• 1210-AB59 comment 33 Insured Retirement Institutetrade assoc.

  1 filing · confidence 85%
• 1210-AB59 comment 34 Securities Industry and Financial Markets Associationtrade assoc.

  1 filing · confidence 85%
• 1210-AB59 comment 36 National Association of Plan Advisorstrade assoc.

  1 filing · confidence 85%
• Air Line Pilots Association, Int'ltrade assoc.

  1 filing · confidence 97%
• American Bankers Associationtrade assoc.

  1 filing · confidence 97%
• U.S. Chamber of Commerce

  1 filing · confidence 97%