Compliance | September 28th, 2020 PSNC 2020: Retirement Plan Cybersecurity In light of a lack of guidance from the DOL on how sponsors should protect their plans from cyberattacks, speakers...
Compliance | September 23rd, 2020 PSNC 2020: Legislative and Regulatory Update Part II Experts explained regulations and legislation from Washington, D.C., as well as what employers can do if they ever face ERISA...
Investing | September 22nd, 2020 PSNC 2020: Time to Get Serious About ESG? Environmental, social and governance investing is slowing becoming pervasive in DC plans, particularly as Millennials are poised to become the...
Compliance | August 25th, 2020 Investors Seek More Substantive PEP Guidance from DOL Though they applaud the direction the Department of Labor is taking, expert ERISA attorneys say a new proposed rule does...
Compliance | July 31st, 2020 Federal Court Orders Millions of Dollars Restored to Connecticut Health and Retirement Plans The decision follows an investigation by the DOL.
Opinions | July 1st, 2020 Barry’s Pickings: ESG QDIA Michael Barry, president of O3 Plan Advisory Services LLC, offers his thoughts on the DOL’s proposal to ban ESG-centric funds...
Compliance | June 11th, 2020 Retirement Plan Disclosures Move Into the Digital Age Plan sponsors need to understand requirements in the new DOL rule, including how to ensure cybersecurity, before moving forward.
Compliance | June 3rd, 2020 DOL Sanctions Use of Private Equity in Asset Allocation Funds in DC Plans An Information Letter addresses concerns with offering private equity in DC plans with five paragraphs detailing considerations for plan fiduciaries...
Opinions | June 1st, 2020 COVID-19 Compliance Corner: Deadline Extensions Provide Relief to Retirement Plan Sponsors Each week, Carol Buckmann, with Cohen & Buckmann P.C., will explain legislative provisions or official guidance related to the COVID-19...
Compliance | May 1st, 2020 DOL, Wilmington Trust Reach Agreement Over ESOP Overpricing The agreement requires Wilmington Trust to pay $80 million to 21 employee stock ownership plans (ESOPs) for which it served...
Compliance | April 23rd, 2020 Administrator of Self-Funded Health Plans Ordered to Restore Funds The Department of Labor found WH Administrators failed to provide proper plan funding and pay medical claims, as well as...
Compliance | March 20th, 2020 401(k) Plan Fiduciaries to Pay for Failure to Remit Participant Loan Repayments A court judgment requires the fiduciaries to not only restore the unremitted repayments to the plan, but also $16,782.80 in...
Compliance | March 19th, 2020 Insurance Company to Pay $3 Million to ESOP for Alleged Share Overpayment The DOL alleges that the company’s president influenced an appraiser’s valuation and the ESOP’s trustee didn’t do his due diligence...
Compliance | March 4th, 2020 DOL, PBGC Announce Searchable Guidance Databases Each database contains, or links to, all the agency’s guidance documents and provides certain information about them.
Compliance | March 3rd, 2020 DOL Announces Know Your Fiduciary Responsibilities Webcast Series Contents of the DOL’s Getting It Right – Know Your Fiduciary Responsibilities seminar will be presented via three different webcast...
Compliance | January 6th, 2020 2020 ERISA Plan Compliance Calendar A schedule to help plan sponsors track important due dates for their plan
Compliance | December 27th, 2019 Tips on How to Find Missing Participants Failure to find missing participants could disqualify a retirement plan under the tax code and lead to breaches of the...
Compliance | December 16th, 2019 Warren Asks DOL Secretary Not to Mimic Reg BI The Democratic presidential candidate fears the DOL is considering a fiduciary rule that would permit advisers providing advice on retirement...
Compliance | December 12th, 2019 DOL Plans Notice of Proposed Rulemaking on Proxy Voting The DOL says the action would modernize fiduciary practices related to the voting rights associated with ERISA plan investments.
Compliance | December 2nd, 2019 DOL Enforcement Efforts Are Wide-Ranging While the DOL’s Employee Benefit Security Administration is diligent in protecting employees’ benefits, plan sponsors can also turn to it...