Ask the Experts

[...]brokerage windows often vary in the number of investment options that may be available to participants. [...]in subregulatory guidance, the DOL clarified that a brokerage window would not qualify as a designated investment alternative. [...]there is no fiduciary duty to monitor or evaluate the underlying investments that plan participants make through the brokerage window, and the investments are not subject to investment-specific disclosures under ERISA Section 404(a)(5). [...]companies should consult a benefit plan expert and legal counsel before deciding to offer a brokerage window in order to ensure compliance with all current laws, guidance and interpretations.