Compliance

A significant part of the 403(b) regulations passed in 2007 was the requirement that plans be maintained pursuant to a written plan document.

Regulators are offering relief for certain payment and filing deadlines for plan sponsors affected by the recent storms in Oklahoma.

A court has rejected a retiree’s attempt to continue receiving pension overpayments caused by a glitch in a plan consultant’s computer system.

The Internal Revenue Service (IRS) is hosting a phone forum about the new 403(b) Pre-Approved Plan Program. 

The Securities and Exchange Commission (SEC) charged Blake Richards, a registered representative of a broker/dealer, with misappropriating retirement savings from widows or widowers.

The U.S. Department of Labor (DOL) will be offering two seminars about retirement plan compliance and fiduciary responsibilities.

The Department of Labor (DOL) Employee Benefit Security Administration’s (EBSA) budget has decreased for 2014, but this will not affect enforcement.

The American Society of Pension Professionals & Actuaries (ASPPA) filed a comment letter with the Internal Revenue Service about in-plan Roth conversions.

On top of the fine from the Financial Industry Regulatory Authority (FINRA), LPL Financial LLC was ordered to establish a $1.5 million fund for customers affected by email...

Congressmen have introduced a bill to modify the definition of fiduciary under the Employee Retirement Income Security Act (ERISA).

 The New York State Department of Taxation and Finance decided a lump-sum payment from the non-qualified retirement plans of a bankrupt plan sponsor was not subject to state...

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.