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The Department of Labor’s Prohibited Transaction Exemption (Part 10): Plan Information for Rollover Recommendations On February 16, 2021, the DOL’s prohibited transaction exemption (PTE) 2020-02 became effective. The PTE is titled “Improving Investment Advice for Workers & Retirees.” It allows investment advisers, broker-dealers, banks, and insurance companies (“financial institutions”), and their representatives (“investment professionals”), to receive conflicted compensation resulting from non-discretionary fiduciary investment advice to retirement plans, participants and IR...

Exchanges it is a very complicated issue and a privacy issue right now, the i.r.s. will get all sorts of private information on your health plan. >>neil: can they combine resources if they are doing an audit on you, the regular i.r.s., separately, and they are looking, can they combine that? >>guest: that is an important question because the debate, is this the next step to taxing employer provided health insurance because they will have this information anyway, so, the issue is they will have access to your health insurance plan information, and, also, the family members are covered under the...