Editor’s Letter
The ‘Threat’ of the PPA
The PPA is the most comprehensive reform of the U.S. pension laws since the enactment of ERISA
Tag: Department of Labor (DOL)
intro
A Work in Progress
While the Pension Protection Act helped to improve retirement plans considerably, there still is a great deal more work to...
servicing strategies
Staying Within Bounds
Does the new fiduciary rule create a fine line between education and advice?
Compliance Consult
Don’t Forget About Sweep Programs
Prohibited transactions under the new fiduciary rule
Court Finds Union Fund Trustee, Counsel Guilty of Retaliation
The DOL charged that workers for a union trust fund were fired for filing an internal complaint regarding wrongdoing by the trustee and cooperating with a federal criminal...
State Street to Pay $60M to ERISA Clients for FX Practices
The payment is part of a settlement of a combined lawsuit by the DOL and SEC.
DOL Offers Grants to Develop Retirement Plans for Low-Wage Workers
The Department is offering $100,000 in funding through the Portable Retirement Benefits Planning program.
New Fiduciary Appointed to $2 Million Retirement Plan
The plan sponsor ceased operations in 2004 and never properly terminated the plan.
Advisory Council Meeting to Focus on Plan Transfers, Cybersecurity
Organizations and individuals in the retirement plan community are invited to submit comments or request to address the ERISA Advisory Council.
Pension Fund Ordered to Change Provider Selection Process
The conditions are part of a lawsuit settlement with the DOL.
DOL Responds to Fiduciary Rule Lawsuit
The agency defends its authority to issue a new rule and to extend provisions of the rule to IRAs.
Regulators Propose Form 5500 Annual Report Modernization
The IRS, EBSA and the PBGC want to simplify and improve the process of creating and submitting the Form 5500 for employers.
Technical Updates to Fiduciary Rule ‘BIC’ Published by DOL
The DOL published a pretty substantial list of technical corrections to the Best-Interest Contract Exemption—including mostly minor clarifications but also a few potentially substantial adjustments.
ERISA Civil Monetary Penalties Adjusted for Inflation
After an initial “catch-up” adjustment, the DOL will adjust civil monetary penalties annually for inflation.
LIMRA LOMA SRI Launches Fiduciary Training Course
According to LIMRA LOMA Secure Retirement Institute, nearly three in four DC plan providers believe they will need to train their employees about the new DOL fiduciary rule.
Nationwide to Offer Education Series on Fiduciary Rule
The firm will hold both local events and webcasts featuring its own and outside experts.
Investment Policy Statements Can Protect Advisers from DOL Scrutiny
In the wake of the DOL rulemaking, a financial advisory firm acts at its peril if it overlooks the prudent investor rule, a new research paper says.