DOL Proposed Alts Rule Could Fuel Future ERISA Cases
The Department of Labor may help fiduciaries with its scenarios and test cases on including alternative investments in defined contribution plans,...
Tag: Department of Labor (DOL)
DOL Releases ‘Safe Harbor’ Regulation for Alts in DC Plans
The much-anticipated safe harbor aims to reduce ‘regulatory burdens and litigation risk’ for the inclusion of private assets in defined...
Increased Scrutiny of Health Plans Leaves Advisers Racing to Keep Up
Congress’ recent appropriations act and proposed Department of Labor guidance both push for greater transparency from pharmacy benefit managers.
DOL Alternative Assets Rule Passes White House Review
The Department of Labor can finalize the rule after a public comment period lasting 30 or 60 days.
DOL Reverts to 5-Part Fiduciary Status Test
The Department of Labor is not conducting a comment period, nor offering a formal notice, regarding the rule.
DOL Seeks Dismissal of Morgan Stanley Deferred Compensation Challenge
The Department of Labor argues ex-advisers lack legal standing to contest advisory opinion in arbitration dispute.
Texas Judge Vacates DOL Fiduciary Rule
The Department of Labor had already stopped defending the rule on investment advice in court.
DOL Won’t Fight Final Motion for Final Judgement in Second Fiduciary Rule Case
After choosing not to defend the regulation in an earlier case, the Department of Labor has again declined to oppose...
DOL Pursues Final Ruling to Strike Down Fiduciary Rule
The Department of Labor had already ceased defending the investment advice rule and is now joining the plaintiffs in requesting...
Advisers Could Retain ‘Independent Contractor’ Status Under Proposed DOL Classifications
The Department of Labor has proposed replacing its 2024 independent contractor rule with a revised version of its 2021 rule,...
DOL: ESOPs Grew by More than 1M Participants in 10 Years
EBSA revealed progress on its initiative to promote employee ownership and participation.
DOL Proposal Requires Retirement Plans to Offer Yearly Paper Statements
Plan administrators would need to mail annual paper benefit notices and allow more paper opt-ins in compliance with the SECURE...
How Will Private Markets Exposure Impact Fiduciaries?
Experts say the conversation about alternative investments in defined contributions plans has shifted from whether they can be used in...
How Will Fee-Disclosure Rules Impact PBMs?
The new federal reporting provisions for pharmacy benefit managers are more than a generic transparency mandate, according to Groom Law...
Industry Groups, Former DOL Officials Back Lockheed in PRT Dispute
Former Department of Labor officials and industry groups filed briefs opposing the current DOL’s position in litigation over the pension...
DOL Proposes Rule for PBMs to Disclose Fees to Fiduciaries
Fiduciaries overseeing self-insured employer health plans would receive these mandatory disclosures from pharmacy benefit managers.
DOL Backs Employers Again, Escalates Warning in Forfeiture Cases
The Department of Labor’s fourth amicus brief sided with employers, saying the decision on how to use retirement plan forfeitures...
Third DOL Amicus Brief Sides With Employers
Once again, the DOL argues that choosing how to allocate forfeitures cannot constitute a fiduciary breach under the Employee Retirement...
DOL Rule on Alternative Investments in DC Plans to Focus on Process
The Department of Labor’s rule could be presented for public comment as soon as early February.
The Evolution of Quarterly Investment Committee Meetings
The objective of these regular meetings has changed, and advisers are adapting.