Groom principal and co-chair of the firm’s Employers & Sponsors group, David Levine, was featured in the Bloomberg Law article, “401(k) Advice Rule Hits Major Roadblock in District Courts (1),” where he examined how two district court decisions to block the Department of Labor’s (“DOL”) fiduciary rule could impact its rollout.
“This pushes back the effective date, although an appeals court could change it or modify it,” said Levine, “But this clearly is a first sign that the fiduciary rule is facing challenges of going into effect in September, or potentially ever at this point, depending on where the courts go.”
To read the article, click here.
