Keyword: ira rollover

Orphan Plans Under the DOL Rule

File this under the category of unintended consequences: On the one hand, the DOL conflict-of-interest regulation could create more orphaned plans without an advisor, while at the same time probably making it more difficult for record keepers to assign these plans to an appropriate advisor.   Read More

Orphaned DC Cases Growing — Where Are the Foster Homes?

With the advent of most companies that offer a DC plan using an advisor, the dirty secret is that many providers that currently sell mostly through advisors have “orphaned” cases. So what happens to the DC plans without an advisor, those that receive zero service and the advisor is still getting paid, or plans that will now be abandoned because of the DOL conflict-of-interest rule?   Read More