In Pensions & Investments’ article, “Sonderling’s Labor Nomination Signals More DOL Guidance for Plan Sponsors,” Groom principal Kevin Walsh discusses how Keith Sonderling’s nomination to lead the Department of Labor could result in increased EBSA guidance for plan sponsors and service providers, helping clarify fiduciary responsibilities and compliance expectations.
Walsh noted, “I would expect that we’ll see DOL — and EBSA, in particular — try to issue guidance to help folks comply,” emphasizing that greater clarity allows fiduciaries to navigate complex requirements with more confidence rather than relying on enforcement or litigation to resolve unanswered questions.
To read the article, click here.
