Because we're an independent advisor and manager, we
provide fiduciary protection and give employees extra help for their retirement investments.
Rutledge played a role in designing retirement legislation sponsored by Sen. Hatch, including The Retirement Enhancement Savings Act (RESA), which some analysts say may provide language that could offer plan sponsors
more fiduciary protection in offering in - plan lifetime income options.
Last week, the Department of Labor (DOL) issued a new proposal that would expand the types of retirement investment advice covered
under fiduciary protection.
Several stakeholders the GAO interviewed generally said that plan sponsors looked for design simplicity,
fiduciary protection, and a fit with participant characteristics when selecting a default investment.