EBSA is “Working On” ESOP Appraisal Regulations
Also known as adequate consideration, the ESOP community has been calling for share pricing regulation for years.
Tag: EBSA
ERISA Advisory Council to Study QDIAs and Health Insurance Appeals Processes
The council will report on their findings to EBSA.
DOL May Not Have the Authority Over IRAs It Thinks It Has
Critics of the Retirement Security Rule argue that at a minimum, DOL cannot regulate IRA to IRA rollovers.
Investment Menu Design Under DOL’s Retirement Security Rule
Supporters of the rule argue that plan fees should fall, especially for smaller sponsors.
Fiduciary Rule Lawsuit Leans on Past Court Strike-Down
An advocacy group for independent insurance advisers alleges the DOL’s Retirement Security Rule is similar to a proposal struck down...
DOL Rejects GAO Recommendation to Update TDF Guidance
GAO reports that the DOL does not offer adequate guidance on how to interpret differences across TDFs.
What’s In the Final Retirement Security Rule?
The final rule applies fiduciary status for investment sales, rollover recommendations and annuity sales.
DOL Asks for Budget Increase to Implement SECURE 2.0
The anticipated final retirement security proposal did not feature anywhere in the budget proposal.
Final Fiduciary Rule Expected Soon
OIRA has canceled its final meetings on the proposal, and a final rule is considered likely for early next week.
Comment Period Extended for SECURE 2.0 Reporting, Disclosure Rules
Federal agencies are seeking advice on how to improve the reporting and disclosure system for retirement plans governed by ERISA.
DOL Finalizes QPAM Rule
Qualified professional asset managers can now be disqualified for foreign convictions and domestic non-prosecution agreements.
Stakeholders Ask for Fewer Regulatory Mandates for Automatic Portability
U.S. Chamber of Commerce and ERIC ask for a longer compliance date and a removal of required non-English disclosures.
DOL Answers Appeal in ESG Rule Litigation
The ESG rule was upheld in a Texas district court, but was appealed to the 5th Circuit in October 2023.
Advocates for DOL Fiduciary Proposal Say Existing Insurance Regulations Fall Short
The proposal would add a private right of action and tighter conflict of interest rules.
DOL Sends Final Fiduciary Rule to OIRA For Review
The final draft has been written and now will undergo a review expected to take about 60 days.
EBSA Expects to Finalize Voluntary Correction Update in ‘Next Few Months’
Ali Khawar, of the Employee Benefit Security Administration, indicated that the agency may be set to finalize amendments to the...
Congressional Hearing Highlights Arguments for, Against Retirement Security Proposal
The House of Representatives hosted a second hearing on the retirement security proposal, during which witnesses disagreed on the adequacy...
DOL’s EBSA Recovered $1.4B for Retirement, Health Plans in 2023
Regulator cites growth of outreach and education programs along with monetary recoveries among last year's accomplishments.
DOL Official Makes Case for Retirement Security Proposal
Tim Hauser sat down with PLANSPONSOR to discuss the merits of the proposal.
EBSA Plans March Fiduciary Responsibility Webinar Series
The events will offer information about disclosure requirements and other obligations for retirement and health benefit plans.