Does the rule affect other employee benefits, like insurance orvoluntary benefits?
faq 2020-01-15

No. The DOL rule only covers advisers who give advice for retirement

accounts, HSAs, and Coverdell Education Savings Accounts. The rule

exempts those benefits that do not include an investment component, such

as term life insurance, health insurance and disability insurance.

If a company offered investment advice as a voluntary benefit or an

employee benefit (e.g., executive financial planning and investment

management) that could fall under the DOL rule to the extent that it

incorporates the employee’s retirement investments.

Related Questions

What do you think?

MOST ASKED

Subscribe

Get unlimited access to investmentnews.com

Starting at $4.95 a week for 4 weeks

SIGN UP

Pay just $4.95 for the first 4 weeks