The business changes eliminate variability in 401(k) fees and reduce the appearance of any conflicts of interest.
The Obama-era regulations will likely be scrapped by President Trump, whose administration has already taken a stance against them.
The OMB will review the final rule and, if it approves the measure, send it back to the DOL to finalize the delay.
Some view an enhanced participant experience as the "next battleground" for retirement plan record keepers.
Each firm uses an approach that mitigates risk, but some observers say they're more for show than potential problem solving
Employers sponsoring 401(k) plans expect advisers to challenge assumptions, know their businesses inside and out.
Limits could be placed on 401(k) contributions as a way to help pay for broad corporate and individual tax cuts, according to Brian Graff, head of the National Association of Plan Advisors.
