Form 5500 Reviews Lead to DOL Letters About Timely Remitting Contributions
“Invitation to correct” letters state, “the 15th business day is not a safe harbor and is included in the regulation only as an outside limit of the time...
Tag: Department of Labor (DOL)
Plan Fiduciaries Pay $538,248 for Failure to Timely Remit Contributions
The Department of Labor's Employee Benefit Security Administration (EBSA) also alleged in a lawsuit that fiduciaries to two retirement plans failed to administer the plans, leaving participants unable...
Strategies to Manage Retirement Plan Loans
Enshrining these in a well-crafted loan policy statement can help plan sponsor clients take control of leakage and excess early...
Advisers Play Important Role in Bringing ESG to ERISA Plan Clients
The Department of Labor issued a Field Assistance Bulletin in 2018 that caused some confusion about its true stance with...
A 2019 To-Do List for Plan Sponsor ERISA Compliance
PLANSPONSOR Magazine has published a 2019 ERISA Plan Compliance Calendar that can help your clients track important due dates and requirements for their qualified plans.
Industry Groups Urge DOL to Expand MEP Proposed Rule
Several commenters argued that without changes, the proposed rule would have little impact on expanding retirement plan coverage for American workers.
2018 Regulatory Highlights for Plan Advisers and Their Clients
The year that was brought significant regulatory developments from the Department of Labor, the Internal Revenue Service, the Securities and Exchange Commission and other government agencies.
The ERISA Advisory Council Asks DOL for Guidance on Cybersecurity
The council is asking the DOL to require sponsors to be familiar with the various security frameworks to protect retirement plan data.
Mercer Lays Out Goals for DC Plans for 2019
They are centered around three key themes: 1) Secure your foundation, 2) Achieve greater prosperity and 3) Inspire confidence.
Trendspotting
Celebrating 40 Years of the 401(k)
...And discussing how it could be further strengthened
Trendspotting
Addressing Participant Concerns
If a sponsor does not respond, it could risk a civil and/or DOL lawsuit.
2019 Planning for DC Plan Clients
Willis Towers Watson offers nine actions for DC plan advisers to help their clients mitigate risks in 2019.
DOL Grants Relief to Benefit Plan Sponsors in California Wildfire Territories
The agency says it recognizes that these wildfires may impede efforts by plan fiduciaries, employers, labor organizations, service providers, and participants and beneficiaries to comply with the Employee...
ERISA Industry Stakeholders Analyze Auto-Portability Potential
While enjoying broad support, at this early stage, it is unclear what responsibility a plan sponsor would retain for data security and accurate processing; in addition, auto-portability solutions...
Informational Copies of 2018 Form 5500 Available
The “Changes to Note” section of the 2018 instructions highlights important modifications to the Form 5500 and Form 5500-SF and their schedules and instructions.
Fiduciary Duties for Auto-Portability Solution Spelled Out by DOL
The DOL has issued an advisory opinion letter in response to a request by Retirement Clearinghouse (RCH), for the Department’s opinion on the status of certain parties as...