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ERISApedia Adds DOL Conflicted Advice Guidance

    

MINNEAPOLIS, MN, October 20, 2016 -- Burrmont Compliance Labs LLC is pleased to announce enhancements to The Fiduciary Responsibility eSource that will make this publication an even more valuable tool for advisors and plan sponsors. The publication's searchable database now includes an extensive discussion of the DOL's new Conflicted Advice Rule, Best Interest Contract (BIC) Exemption and other new and amended prohibited transaction exemptions.

The Fiduciary Responsibility eSource is written by nationally recognized ERISA and former IRS and Labor Department attorney Charles G. Humphrey. Mr. Humphrey stated, "The new rule and related exemptions consist of over 1000 pages radically redefining what it means to be an ERISA investment advice fiduciary. It is therefore critically important for the many advisors and sponsors who are affected by the new rule to have a comprehensive, practical, and accessible resource for dealing with the opportunities and challenges it creates."

"We are excited by the addition of this important new material to this publication and share Chuck's commitment to providing our subscribers with the best resources to meet their needs," stated Timothy McCutcheon, JD, CPA, MBA, the publisher of ERISApedia.com. Mr. McCutcheon added, "This is only one part of our ongoing efforts to add products and services of value to the benefit plan community."

In addition to The Fiduciary Responsibility eSource, ERISApedia.com also offers extensive government and other source material and The Qualified Plan eSource, a complete treatise for ERISA professionals working with defined contribution plans, written by Ilene H. Ferenczy, JD, CPC, and APA, a nationally respected author and experienced ERISA attorney.

Mr. McCutcheon also added that he is seeking other authors to publish complementary content on ERISApedia.com. He stated that the efficiencies involved in the on-line platform allow ERISApedia.com to offer generous royalties and also allow the authors to retain the copyrights on their materials.

About ERISApedia.com

ERISApedia.com provides retirement plan sponsors, administrators, attorneys and advisers a complete product suite of compliance and business development tools for ERISA professionals. The compliance tools provide users with easy access to compliance information and important retirement industry materials. The business development resources include tools for finding and filtering plan sponsor data from Form 5500 filings and their attachments and also include professional website and client communication materials. With a platform that combines search tools and a user-friendly interface, ERISApedia.com provides tools for our customers to get answers and win clients.

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