• QBI  Blog

    QBI Blog

Retirement Secure Choice

Secure Choice vs Your Choice

SB 1234, the California Secure Choice Retirement Savings Program, activated January 1, 2017. It mandates that any employer with 5 or more employees not participating in a retirement savings program be enrolled over the course of the next few years as follows:

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DOL Fiduciary Ruling

The Holistic Fiduciary Ruling

Beginning April 10, 2017, the new Best Interest Contract Exemption and the Principal Transactions Exemption DOL ruling will begin a phased implementation that will allow for transition until January 1, 2018. Advisors, marketing organizations, carriers -- and everyone in between – are impacted by the ruling. The Labor Department indicated that investors waste $17 billion annually in excessive advisory fees as a major reason for this legislation..

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