Compliance | April 11th, 2019 DOL Offers Relief for Plan Sponsors Due to Severe Storms The relief on ERISA compliance applies to plan sponsors in Nebraska, Iowa and Alabama identified now or in the future...
Compliance | April 1st, 2019 Court Says DOL Overstepped Boundary with AHP Regulations A district court has determined that the Department of Labor’s 2018 final regulations on association health plans are unlawful.
Compliance | March 7th, 2019 Investment Adviser Sentenced for Defrauding Pension Plan The Department of Labor found the investment adviser made 63 fraudulent requests to Transamerica for lump sum benefit checks for...
Compliance | February 20th, 2019 DOL’s Next Fiduciary Responsibilities Seminar Heading to Portland In addition, the agency is holding a three-day webcast series in March.
Compliance | February 5th, 2019 DOL Announces Fiduciary Responsibilities Seminar in San Diego In addition, the agency has announced a “Getting It Right – Know Your Fiduciary Responsibilities” three-day webcast series.
Compliance | January 28th, 2019 DOL Invites Correction for Failure to Timely Remit Contributions An update from law firm Masuda, Funai, Eifert & Mitchell, Ltd. says that based on reviews of Form 5500s, the...
Compliance | January 25th, 2019 Failure to Remit Contributions Cost Retirement Plan Fiduciaries Over $500,000 In addition, a federal district court has ordered the trustee of the plans not to serve in a fiduciary capacity...
Opinions | January 3rd, 2019 Barry’s Pickings Online: Trump DOL Mid-Term Report Card Michael Barry, president of October Three (O3) Plan Advisory Services LLC, offers his opinions about retirement plan issues addressed—and not...
Compliance | December 31st, 2018 DOL Urged to Expand Association Retirement Plan Proposal Many industry groups that submitted comments to the DOL argued that the plain language of Section 3(5) of the Employee...
Compliance | December 24th, 2018 DOL Asked for Guidance on Retirement Plan Cybersecurity The ERISA Advisory Council is asking the DOL to provide guidance on how plan sponsors should evaluate the cybersecurity risks...
Administration | December 20th, 2018 Mercer Sets Goals for DC Plans for the Coming Year They are centered around three key themes: 1) Secure your foundation, 2) Achieve greater prosperity and 3) Inspire confidence.
Administration | November 30th, 2018 Strategies for DC Plans to Mitigate Risks in 2019 Willis Towers Watson offers nine actions for DC plan sponsors to mitigate risks in 2019.
Compliance | November 26th, 2018 DOL Grants Retirement Plan Compliance Relief Due to California Wildfires The relief relates to the verification procedures for retirement plan hardships and loans, timely remittance of contributions and loan repayments,...
Compliance | November 14th, 2018 Regulators Release Informational Copies of 2018 Form 5500 Modifications to the Form 5500 and Form 5500-SF and their schedules and instructions have been highlighted.
Compliance | November 13th, 2018 DOL Clarifies Fiduciary Roles in Auto-Portability Solution The agency says plan sponsors have fiduciary responsibility for selecting and monitoring Retirement Clearinghouse’s Auto-Portability Solution, but once assets have...
Compliance | November 8th, 2018 DOL Proposes Exemption for Retirement Plan Auto-Portability Solution The agency is inviting public comment on the proposed exemption and encourages additional proposals.
Compliance | October 29th, 2018 Retirement Plan Sponsors and Providers Given Relief by DOL Due to Hurricanes The DOL relief relates to plan loans and distributions, remittance of contributions and blackout period notices.
Compliance | October 22nd, 2018 DOL Seeks to Expand Access to ‘Association Retirement Plans’ These plans allow small businesses within a business group or association to join together to offer defined contribution retirement savings...
Compliance | October 19th, 2018 DOL Not Giving Up on Fiduciary Rule Both the DOL and SEC have a September 2019 date for a final action on corresponding fiduciary and best interest...
Compliance | October 8th, 2018 Members of Congress Ask Trump to Protect ESOPs In a letter, members of Congress accuse the DOL of “regulation through litigation” and ask that clear guidance regarding valuation...