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New Frontier
What the past decade has meant for retirement plan advisers and where the industry will go from here
Tag: Department of Labor (DOL)
Court Hearings on Fiduciary Litigation Offer Little Clarity
ERISA specialist Erin Sweeney recently attended a key hearing in one of the five ongoing pieces of litigation filed against the DOL fiduciary rule reforms; she offers an...
Organizations Receive Grants to Explore Retirement Savings Options
The DOL previously announced it is offering grants to facilitate research into retirement plans for low-wage earners.
DOL Sues Nursing Home for Mismanaging Retirement Plan Assets
The lawsuit alleges the nursing home and its chief officer diverted millions of dollars from the company’s retirement plan to a religious corporation and to themselves.
IFS Releases Toolkit to Help Advisers With Fiduciary Rule
'The DOL Advisor Toolkit' provides tools that will guarantee advisers act in compliance with the new fiduciary rule.
Plan Sponsors in Louisiana Flood Zone Get More Compliance Relief
The DOL has announced updated guidance for retirement plan contributions and loan repayments, as well as blackout periods.
PANC 2016: Fiduciary Rule Aftermath for RIAs
Even registered investment advisers, who have been acting as fiduciaries, will be impacted by the new rule.
PANC 2016: Fiduciary Rule Aftermath for Non-RIAs
There are many anticipated avenues of disruption associated with the DOL fiduciary rule, but clearly the most direct influence will be felt at the point of sale of...
PANC 2016: Washington Insights
A look at the latest legislative, regulatory and judicial developments
GAO Gives DOL Recommendations to Encourage Lifetime Income Options in 401(k)s
In a report, the GAO notes that concerns about legal risks and recordkeeper constraints may deter many 401(k) plan sponsors from offering lifetime income options in their plans.
Sponsors View Income as Primary Purpose of Retirement Plans
They also believe that balances should be translated into income streams.
Bankrupt 401(k) Fiduciary Must Still Restore Losses to Plan
The DOL obtained a court order requiring the fiduciary of William Bowman and Associates Inc.401(k) plan to continue making installment payments for plan losses due to a fiduciary...
401(k) Plan Fiduciaries on the Hook for More Than $200K
A defunct company and its 401(k) plan trustee have been ordered to restore contributions that weren't remitted to the plan as well as interest on contributions.
Texas Judge Rejects Most Support Briefs in DOL Fiduciary Litigation
Just two out of an increasingly large pile of amicus briefs filed in relation to litigation seeking to halt the new DOL fiduciary rule will be considered—both of...
E-Signature Firm Predicts Mountains of Fiduciary Paperwork
Even advisers who feel well prepared for the DOL new fiduciary rule will face an increased amount of paperwork and disclosure, both internally and coming from outside providers.