SESSION 1: Implementing DOL PTE 2020-02

The DOL introduced PTE (Prohibited Transaction Exemption) 2020-02, Improving Advice for Workers and Retirees, creating a PTE for investment advice fiduciaries with respect to employee benefit plans and individual retirement accounts including, rollovers.  Complying with ERISA has been challenging due to the stops, starts, delays and retracements in rulemaking.  This session will offer some well-needed practical advice and tools to assist in understanding and complying with the new PTE 2020-02.

Learning Objectives:

  • Understand the scope of being a DOL investment advice fiduciary, prohibited transactions and exemptions
  • Gain awareness of potential DOL rulemaking that impacts the definition of an advice fiduciary
  • Learn the distinct elements of what is required to qualify for relief under PTE 2020-02
  • Takeaway practical considerations for satisfying the PTE 2020-02 disclosure requirement