Compliance

The U.S. Department of Labor (DOL) is seeking comments about rules for lifetime income illustrations provided to defined contribution (DC) plan participants.

The Advisory Council on Employee Welfare and Pension Benefit Plans will hold an open meeting at the Department of Labor (DOL) June 4 to 6.

The bill, SB 814, affects financial services firms with affiliated financial advisers in Florida, regardless of where the firm’s headquarters are located.  

President Obama’s proposal to cap individual retirement accounts (IRAs) not only has the potential to affect participants — it could also add administrative work for sponsors and advisers.

The American Society of Pension Professionals & Actuaries (ASPPA) and the National Tax Sheltered Accounts Association (NTSAA) requested changes to pre-approved plan programs.

Retirement plan sponsors have been dealing with several regulatory initiatives in the past year and more are coming.

The SPARK Institute submitted a letter to legislators raising concerns about proposed 2014 budget provisions that could impact retirement savings.

The Internal Revenue Service (IRS) has been updating a number of documents and forms for defined benefit (DB) plans.

The Internal Revenue Service (IRS) has scheduled a phone forum about 403(b) corrections and examination trends.

The 7th U.S. Circuit Court of Appeals determined Marshall & Ilsley was entitled to a presumption of prudence for holding company stock in its retirement plan.

The Internal Revenue Service is hosting a phone forum to discuss findings from its 401(k) Compliance Questionnaire.

With regulatory changes coming, advisers need to reconsider their fiduciary status.

The Internal Revenue Service (IRS) is granting relief for employee stock ownership plans (ESOPs) that have to make amendments to satisfy diversification requirements.

A lawsuit filed against Fidelity (FMR) accuses it of self-dealing at the expense of its own workers’ retirement savings.

The Department of Labor (DOL) says a bankrupt ambulance services company in LaVergne, Tennessee, failed to credit employees’ 401(k) contributions.

A court ruled an executive’s supplemental retirement plan assets are not protected by his employer’s creditors.

Legislation introduced by Congresswoman Maxine Waters would give the Securities and Exchange Commission (SEC) the authority to impose user fees on investment advisers.

Without significant changes, the SEC cannot fulfill its mandate for examinations of investment advisers, said Elisse Walter, commissioner of the Securities and Exchange Commission (SEC).

The U.S. Department of Labor (DOL) is co-sponsoring a webcast to provide financial education for younger workers and college seniors.

The ERISA Advisory Council recommended steps the Department of Labor (DOL) should take to improve the beneficiary designation process.