- Proposed rule would require employee benefit plan service providers, such as hedge fund advisers, to disclose information allowing plan fiduciaries to assess the “reasonableness” of provider fees and any potential conflicts of interest.
- MFA asked the DOL to clarify that the proposed rule does not apply to privately-offered pooled investment vehicles that do not constitute ERISA plan assets.
- MFA recommended that the rule’s conflict of interest disclosure provision be modified to require disclosure only of objectively material conflicts of which a service provider is aware.
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