The Fiduciary Rule Wipeout:
Fred Reish Shares What Happened & What's Next
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Partner, ERISA Attorney, Legend
The podcast series where employers find candid, in-depth interviews with industry experts, new best practices and valuable perspectives on current events.
Recap, highlights, and my thoughts
The DOL Fiduciary Rule died, or did it? Maybe its coming back to life in another form, through another government agency or even the states will take a crack at it. What should employers know? How will this impact employees? In this timely and action packed episode I am excited to have Fred Reish, ERISA Attorney extraordinaire with Drinker Biddle and the closest follower I know of the long and winding path of the fiduciary rule. For many, Fred requires no introduction. If you are not familiar Fred is perennially listed as one of the most influential individuals in the retirement industry, he has been named one of the “Legends” in the development of retirement plan by PLANSPONSOR Magazine and given multiple lifetime achievement awards and other honors. On top of that, Fred is a great guy with an easy to follow communication style as he shares his insights today. If you want to learn more about Fred or subscribe to his blog that we reference today you can find him at fredreish.com
As a quick aside, I worked in several questions we got from listeners who are email subscribers or follow me on LinkedIn. If you want an opportunity to submit questions to future guests go to 401kfridays.com/subscribe to get connected. Finally, Fred was an inspiration for me to start the podcast. More on that in my wrap-up if you are interested.
FRED REISH is an ERISA attorney whose practice focuses on fiduciary responsibility, prohibited transactions and plan qualification and operational issues. He has been recognized as one of the “Legends” of the retirement industry by both PlanAdviser magazine and PlanSponsor magazine. Fred has received awards for: the 401(k) Industry’s Most Influential Person by 401kWire; one of RIABiz’s 10 most influential individuals in the 401(k) industry affecting RIAs; the Commissioner’s Award and the District Director’s Award by the IRS; the Eidson Founder’s Award by the American Society of Professionals & Actuaries (ASPPA); the Institutional Investor and the PlanSponsor magazine Lifetime Achievement Awards; and the ASPPA/Morningstar 401(k) Leadership Award. He has also received the Arizona State University Alumni Service Award. Fred has written more than 350 articles and four books about retirement plans, including a monthly column on 401(k) fiduciary issues for PlanSponsor magazine. Fred Co-Chaired the IRS Los Angeles Benefits Conference for over 10 years, served as a founding Co-Chair of the ASPPA 401(k) Summit, and has served on the Steering Committee for the DOL National Conference.
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