ESOPs and the Department of Labor’s Proposed Regulation on the Definition of a Fiduciary

While the Department of Labor announced in late 2011 that it would issue a new version of the proposed regulation revising the definition of ERISA fiduciaries in January 2012, nothing has been forthcoming. However, that doesn’t mean the ESOP community can relax.

J. Michael Keeling, president of The ESOP Association, took time to talk about the proposed regulation and what to expect in the coming months.

Take a look.

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