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EBSARulemakingEBSA-2023-0014

Definition of an Investment Advice Fiduciary

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American Bankers Association filings
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American Bankers Association filed 3 comments on this docket between Nov 30, 2023 and Jan 8, 2024. 3 other organizations filed here. The comment window closed 938d ago.

What American Bankers Association filed (3)

Jan 8, 2024· 1210-AC02 comment 00337 American Bankers Association Health Savings Account Council McKechnie 01022024· EBSA-2023-0014-0386

Filed on regulations.gov — full text not in the inline record.

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Jan 8, 2024· 1210-AC02 comment 00296 American Bankers Association 01022024· EBSA-2023-0014-0345

Please see the attached comment letter from the American Bankers Association.

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Nov 30, 2023· 1210-AC02 request 0021 American Bankers Association Keehan 11282023· EBSA-2023-0014-0024

The American Bankers Association hereby requests to testify at the Department of Labor public hearing on the Retirement Security Rule Proposal to be held on Tuesday, December 12, 2023. (1) Person Testifying: Timothy E. Keehan Title: Senior Vice President & Senior Counsel Organization: American Bankers Association Address: 1333 New Hampshire Avenue, NW, Washington, DC 20036 E-mail: tkeehan@aba.com Phone: 202-697-0393 (C) (2) The views of the ABA on the DOL proposal will be presented. (3) Date of comment letter to be submitted: January 2, 2024

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Abstract

This document contains a proposed amendment to the regulation defining when a person renders “investment advice for a fee or other compensation, direct or indirect” with respect to any moneys or other property of an employee benefit plan, for purposes of the definition of a “fiduciary” in the Employee Retirement Income Security Act of 1974 (Title I of ERISA or the Act). The proposal also would amend the parallel regulation defining for purposes of Title II of ERISA, a “fiduciary” of a plan defined in Internal Revenue Code (Code) section 4975, including an individual retirement account. The Department also is publishing elsewhere in today’s Federal Register proposed amendments to Prohibited Transaction Exemption 2020-02 (Improving Investment Advice for Workers & Retirees) and to several other existing administrative exemptions from the prohibited transaction rules applicable to fiduciaries under Title I and Title II of ERISA.

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Co-filers (3)

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