Today is the deadline to submit comments on the proposed DOL regulations. I hope that every ESOP company and professional will make time to submit comments. Even if you can only find 5-10 minutes, please take the time to write an email to let the DOL know how ESOPs will be negatively impacted by the proposed regulations. You can submit comments by e-mail to e-ORI@dol.gov, subject line: Definition of Fiduciary Proposed Rule, or by using the Federal eRulemaking portal at http://www.regulations.gov.

Yesterday we posted My Comments to the DOL: 8 Reasons to Remove the Requirement that ESOP Appraisers are Fiduciaries from the Proposed DOL Regulations.

Here are some related links: