DOL Announces Fiduciary Responsibilities Seminar in Illinois
The seminar will be held in Springfield, Illinois, on June 21.
Tag: Department of Labor (DOL)
3M Announces DOL Investigation
In an SEC filing, 3M said it was notified by the DOL in April 2015 that the agency was investigating its pension plan for violations of ERISA.
CHOICE Act Targets Fiduciary Rule, Dodd-Frank Rollback
Passage of the CHOICE Act by the House Financial Services Committee could signal a further blow to conflict of interest regulations adopted by the Obama administration.
Jay Clayton Named SEC Chair At Pivotal Time For Industry
As a new leader takes the helm at the SEC, advisers wonder whether the regulator’s recent focus on retirement industry conflicts of interest will be relaxed.
Senate Echoes House Votes to Remove State-Plan Safe Harbors
The Senate has passed legislation mirroring House-approved measures that will eliminate the Obama-era DOL rules regarding exempting state- and municipality-run retirement plans from ERISA.
Impartial Conduct Standard Vs. Suitability Standard
New fiduciary education programming from LIMRA LOMA SRI is aimed at supporting retirement plan sales and service professionals operating under evolving ERISA standards.
New Pilot Takes the Helm at Department of Labor
The newly confirmed Secretary of Labor, Alexander Acosta, will steer from the top the effort to either overturn or leave in place the Obama-era fiduciary rule and other...
DOL Aims For A More Advanced Research Effort
The DOL's Employee Benefit Security Administration hopes a new initiative will help it “overcome the limitations seen in existing data collection activities.”
Sorting Out The Fiduciary Rule ‘Curveball’
The Trump Administration’s Department of Labor still has not amended or replaced the Obama-era fiduciary rule as it has pledged to do; it has simply issued a brief...
DOL Wins Settlement Over Withheld Contributions
Fiduciaries of the Weinhagen Tire Company 401(k) Plan agreed to an order resolving the DOL's lawsuit claiming the fiduciaries allowed the misdirection and misuse of employee contributions.
Most Investors Would Be Happy to See New Fiduciary Standard
Financial Engines says it has clear and compelling evidence that Americans strongly favor stricter conflict of interest protections when it comes to retirement investment advice.
ESOP Awarded More Than $9 Million for Overpayment of Company Stock
A federal court held that First Bankers breached its fiduciary duties to the plan’s participants by failing to conduct a prudent investigation into the fair market value of...
More Managers Introduce ‘Clean’ and ‘Transactional’ Shares
Morningstar finds strong evidence that the two share class approaches are likely to catch on in the ERISA retirement planning industry.
ERISA vista
Varying Fees
Can an adviser charge different fees for different investments in a retirement plan?
fiduciary fitness
Trump Order and Employee Benefits
Will the updating of existing regulations be treated as new regulations?
Consumer Groups Vow to Continue Fighting for Fiduciary Rule
Their “Retirement Ripoff Counter” shows that without the protections of the fiduciary rule, investors are losing $1.9 million an hour, $46 million a day—and $17 billion a year.
Majority of Plan Auditors Handle Five or Fewer Audits
This lack of experience can lead to mistakes, ERISApedia.com says.
DOL Delays Fiduciary Rule by 60 Days
The Department is making the move in response to the Trump memorandum.
OMB Receives Final Fiduciary Rule Delay Language
The Trump administration is nearly set to formally implement its delay of the Obama-era DOL fiduciary rule, set to take effect in just two weeks, aimed at curbing...