Holders of the 401(k) RF Designation receive credentials that permit plan sponsors to meet the regulatory requirements of a prudent selection of advisers. The designation was designed to comply with
“The new DOL regulations make it increasingly difficult for non-fiduciary advisers to provide valued services to 401(k) plans,” said Louis S. Harvey, president of Dalbar. “Investment advice will soon be the exclusive domain of fiduciaries, and the RF will be the mark of distinction for fiduciaries.
The RF Designation is authorized by the Fiduciary Standards Board.