With the change of Presidential administrations, there was certainly a discussion on what the Department of Labor (DOL) may do under President Trump regarding 401(k) plans. As far as regulations, an Executive Order may halt any significant change.<\/p>\n
Under a new Executive Order signed by President Donald, which is supposed to \u201cunleash prosperity through deregulation,\u201d whenever a federal agency promulgates a new rule, regulation, or guidance, it must identify at least 10 existing rules, regulations, or guidance documents to be repealed.<\/p>\n
The executive order requires that the total incremental cost of all new regulations, including repealed regulations, be significantly less than zero.<\/p>\n
If the DOL wants to unveil a regulation on the fiduciary rule, they would have to identify 10 regulations or rules to repeal. So don\u2019t expect a lot of DOL regulaations this year.<\/p>\n
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