Compliance July 27, 2016

DOL Announces ERISA Advisory Council Meeting

The Council will study participant plan transfers and account consolidation as well as cyber security concerns.
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The Department of Labor’s (DOL’s) Employee Benefit Security Administration will hold a three-day ERISA Advisory Council meeting August 23 through August 25.

The Advisory Council will study participant plan transfers and account consolidation for the advancement of lifetime plan participation. Cybersecurity for benefit plans will also be addressed. 

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The Council is asking individuals or organizations who wish to submit a written statement to do so on or before August 16. Those wishing to address the Advisory Council may request by August 16 to do so.

More information is here.

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