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The rule it issued yesterday is known as 408(b)(2) and requires service providers such as Fidelity, Vanguard, T.
FORBES: Will We Ever Find Out What We Pay In Retirement Fees?
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In addition to the lawsuits against plan sponsors, cases have been brought against 401(k) plan service providers, such as Fidelity, Principal Life, John Hancock, Nationwide and ING.
FORBES: Time For Workers To Demand The 401(k) Plans They Deserve: Here's A Model
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Banks can do a lot of things that Fidelity can't, like issue loans and service small businesses.
FORBES: Magazine Article
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While firms such as Fidelity and Vanguard are offering more advice, full-service securities firms are reaching out to more do-it-yourselfers.
WSJ: A New Era for Do-It-Yourself Investing
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"Fidelity has business contingency plans in place that enable us to continue to service our customers, " the spokesman said in a statement.
WSJ: Dragnet Quiets Normally Bustling Boston
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Dr. Riskin is the CEO of Health Fidelity, provider of a commercial-grade, cloud-based natural language processing (NLP) service, and is also a Consulting Assistant Professor of Surgery at Stanford University.
FORBES: The Next Revolution in Healthcare
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Sponsors like Fidelity, Vanguard and Schwab are getting in touch with IRA owners about the new rules issued by the Internal Revenue Service in January.
FORBES: IRA Tips and Traps