Compliance for Rollover Fiduciaries

Course Description
Making certain recommendations to rollover retirement plan assets is now a fiduciary act, subject to standards of care similar to that required for investment recommendations. Fiduciary rollover recommendations must therefore comply with the level of prudent practices and documentation that were previously reserved for investments.

This self-study course is designed to give financial professionals and compliance departments an understanding of the regulatory framework related to rollovers, the applicability of the new Prohibited Transaction Exemption (PTE 2020-02), processes and prerequisites, as well as pros and cons of various rollover advice arrangements.

Learning Objectives
  • Understand the motivation that led to the PTE 2020-02, its goals, scope and who is affected and in what way.
  • Learn how various aspects of rollovers can be handled in different ways in three tiers.
  • Understand how ERISA is adapted to meet the goals of PTE 2020-02 and examples of likely compliance failures.
  • Determine what processes, resources, practices and procedures are required.
  • What the advantages and disadvantages of each tier.
Course Outline
Lesson 1
  • Introduction
  • Applicability of PTE 2020-02
  • Quiz Questions
  • Reading Assignments
    • PTE 2020-02 Fact Sheet
    • Fundamental Differences Between Investment and Rollover Decision
    • Definition of Rollover Service Tiers
Lesson 2
  • Regulatory Framework
  • Examples of Violations
  • Quiz Questions
  • Reading Assignments
    • PTE 2020-02 – Text Only
Lesson 3
  • Rollover Process
  • Rollover Prerequisites
  • Quiz Questions
  • Reading Assignments
    • Retrospective Review Checklist and Report
    • Making the Most of 408g – Agreements, Disclosures, Notifications
Lesson 4
  • Tier 1: Non-Fiduciary Pros & Cons
  • Tier 2: Pure Robo Pros & Cons
  • Tier 3: Rollover Fiduciary Pros & Cons
  • Reading Assignments
    • 1996-01 IB Defining Education
CE Credit Information
CFP Credit* - 4.5 hours

$159 or choose the Bundle and add "Navigating the New Rollover Reality" for $298
*$20 fee for CE Credit add-on


Contact DALBAR

  • 2 Mount Royal Ave, Suite 250
    Marlborough, MA 01752
  • Phone: 617-723-6400
  • Email:

Contact Retirement Learning Center

  • 206 North 7th Street
    Brainerd, MN 56401
  • Phone: 877-275-7521
    Fax: 320.323.3709
  • Email: