Department of Labor Fiduciary Investment Advice Regulation Goes Into Effect June 9, 2017

ADP Research Institute®

Department of Labor Fiduciary Investment Advice Regulation Goes Into Effect June 9, 2017



On April 7, 2017, the United States Department of Labor (DOL) published a final rule, delaying the date by which compliance with its previously published fiduciary investment advice regulation is required by 60 days. The "applicability" date of the fiduciary investment advice regulation, originally scheduled for April 10, 2017, will now be June 9, 2017. (Click here to view the final rule.)

Impact to Employers

The investment advice regulation is scheduled to go live June 9 (with some modifications to previously published related DOL administrative exemptions that are designed to facilitate compliance), while the DOL considers further action. For example, the DOL may decide in the future to change some provisions of the rule or the related exemptions.

ADP Compliance Resources

ADP maintains a staff of dedicated professionals who carefully monitor federal and state legislative and regulatory measures affecting employment-related human resource, payroll, tax and benefits administration, and help ensure that ADP systems are updated as relevant laws evolve. For the latest on how federal and state tax law changes may impact your business, visit the ADP Eye on Washington Web page located at www.adp.com/regulatorynews.

ADP is committed to assisting businesses with increased compliance requirements resulting from rapidly evolving legislation. Our goal is to help minimize your administrative burden across the entire spectrum of employment-related payroll, tax, HR and benefits, so that you can focus on running your business. This information is provided as a courtesy to assist in your understanding of the impact of certain regulatory requirements and should not be construed as tax or legal advice. Such information is by nature subject to revision and may not be the most current information available. ADP encourages readers to consult with appropriate legal and/or tax advisors. Please be advised that calls to and from ADP may be monitored or recorded.

If you have any questions regarding our services, please call 855-466-0790.

ADP, LLC.
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Updated on June 5, 2017

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