Compliance

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).

Senator Clinton Proposes Government Help for Retirement Savings

On Tuesday, Senator Hillary Rodham Clinton (D-New York) proposed legislation that would ensure a dollar-for-dollar government match on the first $1,000 in employee 401(k) contributions and would offer a new retirement savings vehicle for individuals not covered by 401(k) plans.

EBSA Unveils Fiduciary Education Web Site

The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) on Tuesday unwrapped a new Web site designed to help employers better comply with federal employee benefit laws under the Employee Retirement Income Security Act (ERISA).

IMHO: The Devil in the Details

The testimony presented at last week’s hearing by the House Education and Labor Committee on the issue of 401(k) fees was remarkably consistent, IMHO, certainly compared with the last time the Committee took up the issue.