Compliance | December 28th, 2017 Reports Suggest Massive Fraud in DOL Fiduciary Rule Commentary Process So far, reporting seems to suggest that the numerous fraudulent comments submitted to DOL regarding the fiduciary rule were done...
Compliance | December 22nd, 2017 New EBSA Leader Preston Rutledge Takes Up Trump Agenda Following news of Preston Rutledge’s approval by the full Senate to head the Employee Benefits Security Administration, several retirement industry...
Compliance | December 14th, 2017 Multiemployer Plan Fund Manager Sentenced for Fund Theft In addition to being barred as serving as a fiduciary for five years, the fund manager is ordered to make...
Compliance | December 14th, 2017 EBSA Nominee Rutledge Advances Through Senate Help Committee Preston Rutledge seems to be enjoying relatively little opposition as he moves closer to becoming the Assistant Secretary of Labor...
Compliance | November 27th, 2017 DOL Delays Full Implementation of Fiduciary Rule Again The new delay is for 18 months.
Investing | November 22nd, 2017 Experts Push for Sponsor Courage When Offering In-Plan Lifetime Income DOL leadership has stated explicitly that investments with lifetime income elements can be a prudent investment option in DC plans,...
Compliance | November 21st, 2017 Regulators Announce Modifications to Form 5500 IRS compliance questions have been removed from the form.
Compliance | November 16th, 2017 Democrats Pledge to Protect Union Pensions House and Senate Democrats hope to pass legislation to “put union pension plans back on solid footing,” but their bicameral...
Compliance | November 9th, 2017 Fiduciaries of MEWA Barred for Failing to Pay Medical Claims Employer and employee contributions to the multiple employer welfare arrangement were found in offshore Bermuda accounts.
Compliance | November 7th, 2017 Court Supports Waiver of ERISA Statute of Limitations The 11th Circuit ultimately ruled that it is common sense to conclude that since a litigant can renounce his most...
Compliance | November 3rd, 2017 DOL Fiduciary Rule Enforcement Delay Under Review at OMB Until the final rule’s publication in the Federal Register, the exact details and length of the second enforcement delay will...
Deals and People | October 13th, 2017 Trump Eying Top Aide to Sen. Hatch for Lead EBSA Role The future head of EBSA would play a substantial role in the fate of the fiduciary rule.
Compliance | October 11th, 2017 The Thrust of Fiduciary Liability Insurance In a world of heightened plan sponsor scrutiny, fiduciary liability insurance can be a powerful tool.
Compliance | October 6th, 2017 Providers Remain Uncertain Amid Tense Legislative Session The list of regulatory and legislative challenges affecting employers and their retirement plan consultants can seem endless, and when linked...
Administration | October 6th, 2017 Embracing In-Plan Annuities Specific policy changes and plan sponsor initiatives can make guaranteed lifetime income a norm in the DC plan space, TIAA...
Products | September 21st, 2017 Voya Extends Framework Retirement Program to Tax-Exempt Market The mutual-fund based program also offers an in-plan retirement income option and access to 3(38) fiduciary services.
Compliance | September 15th, 2017 DOL Announces Additional Relief for Hurricane Irma Victims The relief regards verification procedures for plan loans and distributions, participant contributions and loan payments, blackout notices, and group health...
Compliance | September 13th, 2017 IRS Relaxes Loan, Hardship Rules for Hurricane Irma Victims The PBGC and DOL also are providing relief similar to that provided to Hurricane Harvey victims.
Opinions | September 5th, 2017 Barry’s Pickings Online: A Parade of the Ridiculous Michael Barry, president of the Plan Advisory Services Group, discusses possible implications of the DOL fiduciary rule and how the...
Compliance | August 30th, 2017 Fiduciary Rule Transition Period Extended by One Year As the DOL lays out, the primary purpose of the proposed delay of full enforcement is to give the department...