Tag: Department of Labor (DOL)

The DOL has filed a lawsuit seeking $82,000 to restore retirement and health plan contributions, plus interest.

A new series of white papers from Fiduciary Benchmarks asks the challenging question, “Who has the job of determining whether an adviser’s compensation is reasonable?”

The legislation aimed at delaying implementation of thousands of pages of DOL fiduciary rule language could fit in a handful of tweets.

The U.S. Department of Labor is suing the fiduciaries of a Vermont employee stock ownership plan for violations of the Employee Retirement Income Security Act.

Since the DOL conflict of interest rule’s publication, mutual fund providers and their adviser-intermediaries have also been asking the SEC extensive questions about sales loads, fee schedules, etc. 

An investment with lifetime income elements can be a prudent default investment option in DC plans, even if not a QDIA, the DOL said in an information letter.

Some 40% of investors say they are fundamentally interested in life insurance products—and many are interested in speaking with wealth advisers about how to use them properly. 

The DOL and EBSA announced a final rule to assist large cities and other political subdivisions establish payroll deduction IRAs for private-sector workers.

Mercer recommends areas for review that defined contribution plan advisers can go over with plan sponsors.

Few know the Employee Retirement Income Security Act (ERISA) as well as ERISA attorneys; at PLANADVISER, we’re lucky to rely on some of the best in the business...

The National Association for Fixed Annuities has failed again to win an injunction in a DOL fiduciary rule challenge that was previously defeated in a federal district court...

There are a wide variety of mistakes plan fiduciaries can make; getting it all right is an ongoing team effort. 

A new survey by the PSCA also found that more than half of 403(b) plan sponsors expect to make no change in light of the fiduciary rule scheduled...

As implementation of the DOL’s fiduciary rule approaches, advisers may have to choose between remaining in the DC business and pursuing traditional wealth management.

A Chicago-based ophthalmologist was accused by the DOL of improperly diverting money from a DB plan’s investment accounts. 

Donald Trump has nominated an outspoken critic of federal government regulation as DOL secretary, placing more uncertainty on the future of the fiduciary rule, according to some observers. 

Consultants from Grant Thornton suggest they have already seen strong business impacts coming out of the DOL fiduciary rule. 

By partnering with Larkspur Data, RiXtrema will enhance its current retirement plan compliance offerings with added features.

In the retirement planning and investment industry of the near- and long-term future, providers’ motivations will play a deep role in determining success.