PBGC Asking to Seek More Information From DB Plans on Form 5500
The agency says the additional information would help it with projections regarding its insurance programs.
Compliance
Senator Cardin’s Tax Counsel Measures Likelihood of Reform
Speaking with a recent winner of the Plan Adviser Mega Team of the Year designation, Elizabeth Bell offered a frank, behind-the-scenes look at the ongoing legislative discussions surrounding...
The Right Course: What Can 403(b) Plan Sponsors Learn from Litigation?
A review of fiduciary governance and the liability insurance policy can help 403(b) plan sponsors steer clear of the litigation whirlwind hampering the industry today.
Additional Relief Announced by DOL for Hurricane Irma Victims
The new relief is in addition to the Form 5500 Annual Return/Report filing relief already provided.
Regulators Provide Relief for Hurricane Irma Victims
Loan and hardship rules, in addition to reporting requirements, have been relaxed.
Morningstar Advocates Refining the Definition of Clean Shares
Comments submitted to the Department of Labor by experts with Morningstar warn the loose use of the term “clean shares” could jeopardize fiduciary compliance.
SEC Accuses 403(b) Plan Advisory Firm of Conflicts-of-Interest
Envoy Advisory submitted an offer of settlement which the SEC accepted.
IRS Page Lists 403(b) Plan Compliance Duties Related to Common Plan Errors
It also provides links for resources the IRS provides to help 403(b) plan sponsors stay in compliance.
ERISA Lawsuit Against Deutsche Bank Gains Class Certification
The text of the decision to grant class certification, while only representing an interim step in this ERISA challenge, offers important insight into what it takes to prove...
Ascension Agrees to Settle Acquired Entity's Church Plan Suit
Similar to the settlement agreement regarding the Ascension plan, the agreement includes provisions that mimic the provisions of ERISA.
Closed DB Plan Nondiscrimination Relief Extended Further
The IRS and the Treasury Department expect that the final regulations regarding closed DB plans will not be published in time for plan sponsors to make plan design...
PBGC Offers Substantial Detail on Hurricane Harvey Relief
The disaster relief announcement provides significant leeway relating to PBGC deadlines and penalties for impacted employers and sponsors, both for single and for multiemployer plans.
Hurricane Harvey Victims Get Relief from Regulators
The relief includes relaxed rules for hardships and loans and relaxed deadlines for filings and disclosures.
Indication of Second DOL Fiduciary Rule and BICE Delay Emerges
The Department of Labor and the White House have seemingly agreed to extend the applicability date of the full fiduciary rule and its accompanying exemptions by another year.
Court Certifies Class in BB&T Self-Dealing Lawsuit
The case is a consolidation of two lawsuits alleging BB&T breached ERISA by favoring its own proprietary investment options and recordkeeping services in its retirement plans at the...