Compliance

DoL’s Campbell Gives More Details of Final QDIA Regs

Saying it was “probably the most important regulation issued resulting from the Pension Protection Act of 2006,″ Bradford Campbell, Assistant Secretary for the Employee Benefit Security Administration (EBSA) at the Department of Labor, addressed media representatives regarding the final regulations on Qualified Default Investment Alternatives (QDIAs).

Final QDIA Rules Published

Although stable value did make it on the list of approved qualified default investment alternatives (QDIA), the final regulations issued Monday only sanction the fund type as a short-term capital preservation option.

Feds Delay 409A Compliance

After months of direct pressure from the deferred compensation community for more time to comply with new federal regulations, regulators on Monday granted a one-year reprieve.

IMHO: Heightened Sensibilities

I was at a conference a couple of weeks ago, when the CEO of a large, national consulting firm stood up and commented on the increased fiduciary burden that the Pension Protection Act had placed on plan sponsors – an obligation to ensure that participants’ savings are sufficient to provide an adequate retirement.

New Bill Would Delay PPA Pension Funding Provisions

A new Congressional legislative proposal would delay implementation of new pension funding rules under the Pension Protection Act (PPA) for a year to better allow regulators to issue the necessary detailed guidance on the new mandates.

FINRA Webcast Offers Insights on Working with Seniors

In the midst of a growing concern about the vulnerability of senior citizens, the Financial Industry Regulatory Authority (FINRA) has announced the availability of a free, instructional webcast regarding compliance obligations advisers have when working with senior customers.

DoL Offers Online Tool to Calculate DFVCP Penalties

The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) has released an interactive calculator to help employers and plan administrators who faltered on annual reporting requirements accurately compute penalties owed under the agency’s Delinquent Filer Voluntary Compliance Program (DFVCP).

DoL Releases Advance Copies of Revised Form 5500

Advanced copies of the 2007 Form 5500 Annual Return/Report of Employee Benefit Plans and related instructions were released Wednesday by the U.S. Department of Labor (DoL), the Internal Revenue Service (IRS), and the Pension Benefit Guaranty Corporation (PBGC).