“Developing ERISA Trends Affecting Capital Markets and Retirement Plans”

Recently the U.S. Department of Labor (“DOL”) and now, indirectly, Congress, have taken several actions with important implications for the operation of retirement plans and for capital markets participants and intermediaries.  These include actions relating to fee disclosure, new penalties for gift and entertainment expenses, and pull-backs or reevaluations of "final" DOL guidance on various employee benefit plan regulations.  This Stroock Special Bulletin examines several of these actions, what effect they may have on sponsors, service providers and investment vehicles in which plans are a significant contributor, and on their implications for financial institutions such as brokers, dealers, asset managers, fund complexes, custodians and other participants in the capital markets.