Compliance

The SPARK Institute said it supports guidance that will encourage retirement plan sponsors and service providers to voluntarily furnish lifetime income illustrations to participants.

The American Society of Pension Professionals & Actuaries (ASPPA) is asking for changes to ease correction burdens for retirement plan sponsors.   

The American Society of Pension Professionals & Actuaries (ASPPA) has asked the U.S. Department of Labor (DOL) to enhance Schedule C of Form 5500.

The Internal Revenue Service (IRS) has made available a video of Form 5500 and extension filing tips.

Some employers that have filed a Form 5500 have received a “Request for Clarification” from the U.S. Department of Labor (DOL).

A phone forum held by the Internal Revenue Service (IRS) instructed attendees on how to deal with plan-related errors.

Thomas E. Perez was nominated by President Obama to serve as the nation's 26th Secretary of Labor, and was sworn in on July 23.

A law firm is investigating whether RadioShack Corporation violated the Employee Retirement Income Security Act (ERISA) by offering company stock in its retirement plan.

The U.S. Department of Labor’s (DOL’s) Employee Benefits Security Administration (EBSA) will sponsor Getting It Right – Know Your Fiduciary Responsibilities webcasts.

The American Benefits Council (ABC) has formed an alliance with the Europe-based International Employee Benefits Association (IEBA).

Putnam Investments has a few recommendations for the Department of Labor (DOL) about lifetime income illustrations on benefit statements.

Retirement plan sponsors can reset their annual due date for providing participant fee disclosures under relief provided by the U.S. Department of Labor.

A curious letter from a Yale professor that tells plan sponsors their fees are too high could be reason to benchmark and do plan studies.

The American Benefits Council has requested guidance about how the ruling on the Defense of Marriage Act (DOMA) will affect health and retirement plans.

A federal bankruptcy court ruled a plan fiduciary still owes contributions to multiemployer plans though he filed for bankruptcy.

The Senate Committee on Health, Education, Labor and Pensions (HELP) heard some findings about small businesses and retirement security.

The Securities and Exchange Commission (SEC) released the schedule for its upcoming Compliance Outreach Program regional seminars.

The Internal Revenue Service (IRS) is hosting a phone forum about good internal controls.

The Department of Labor (DOL) has weighed in on whether certain revenue sharing payments constitute plan assets under the Employee Retirement Income Security Act (ERISA).

Morningstar Credit Ratings, LLC, is now qualified as a “Rating Agency” as defined by the U.S. Department of Labor (DOL).