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Fiduciary Benchmarks Introduces IRA Rollover Tool

Lake Oswego, Ore.-based Fiduciary Benchmarks has announced the launch of a Department of Labor rule-compliant IRA rollover tool.The IRA Rollover Best Interest Determination service launched at the beginning of June, in time for the initial implementation of the DOL’s fiduciary standard, which applies stringent best-interest standards to the tollover of any defined contribution plan into an IRA.“We are very excited to bring this service to marketplace,” said Tom Kmak, Fiduciary Benchmarks CEO, in a released statement. “We have demonstrated the system to over 200 different companies and...

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