After Years of DOL Bluster, New 401k Rules Appear to Make RIAs’ Low Expenses Look Higher than Those of Brokers

RIA
After Years of DOL Bluster, New 401k Rules Appear to Make RIAs’ Low Expenses Look Higher than Those of Brokers June 18, 2012 “These rules are kind of like our Articles of Confederation — which came before the Constitution. They stunk, but this isn’t the Constitution. This is the Articles of Confederation. I think they’ll come back, and we’ll get something better. The people who are engaged and will care enough have significant money in the plan,” Carpenter says.
Greg Carpenter

Greg Carpenter founded Employee Fiduciary in 2004. With 29 years of experience in accounting and finance, Greg has brought his expertise to a variety of advisory, senior and executive management roles. Greg has worked for a national accounting firm, a Fortune 500 plan sponsor, a major brokerage firm, and he served as the CEO of a major 401k TPA firm. He is a CPA and earned his BA from Yale and his MBA from The University of Chicago Booth School of Business.