Tag: Department of Labor (DOL)

Today is the second and final deadline for submitting responses to the DOL’s broad RFI regarding the fiduciary rule expansion under ERISA—but late comments will also be accepted...

Beyond the ongoing fiduciary rule RFI process, the DOL also has slated for this month an interim final rule about an amendment to its Abandoned Plan Program.

There are certainly states that are attempting to do so, but it’s unclear whether ERISA’s preemption of state law will render their efforts toothless. 

The head of retirement and investment solutions at Pershing discusses the impact that uncertainty around the fiduciary rule is having on firms and clients throughout the DC plan...

The organization has issued a report analyzing what is working in DC plans and how the existing tools can be leveraged further.

This is the loss to investors over the next 30 years, the Economic Policy Institute says.

One common mistake plan sponsors make is representing the HSA as part of their employee welfare benefit plan.

Statements from the retirement plan provider notified participants of their missing contributions.

A Department of Labor investigation found evidence that $5 million, including retirement plan assets covered by ERISA, was inappropriately diverted and used to pay various business and personal...

The ERISA plan invested roughly $1.9 million of plan assets from July 2010 through December 2011 in the investment company, Midwest Green Resources.

With its publication in the Federal Register, the DOL’s request for information regarding its implementation (or not) of the fiduciary rule is officially open for public comment.

Some firms also report handling certain rule preparations or implementation activities poorly in some ways and well in other ways.

The DOL argues it must not lose its broad authority to regulate the workplace retirement planning market—notwithstanding the fact that it may very well decline to aggressively enforce...

The request for information asks whether the BICE and PTEs should be delayed further and whether new streamlined exemptions could be probable given innovations in the industry since...

During a hearing, Acosta claimed that previously the SEC did not work jointly with the DOL on the rule.

In a new final rule, the Department of Labor removed its final rules regarding the ERISA safe harbor of government-run plans for private-sector workers.

Content, context and presentation are now the important factors in determining whether a particular activity represents fiduciary advice—but that could change.