Tag: Department of Labor (DOL)
ERISApedia Provides Answers and Discourse
The launch of ERISApedia.com provides retirement plan sponsors, administrators, attorneys and advisers with easy access to compliance information and important retirement industry materials.
Booklets Provide 2015 Social Security and Medicare Info
Mercer announced the release of informational booklets providing updated guidance about Social Security and Medicare for 2015.
Two Sides Start Duking It Out on Fiduciary Rule
A draft version of a White House memo and a new website are causing some sparks in the adviser community.
Council Supports Keeping Participants in Retirement Plans
The ERISA Advisory Council has made recommendations to support the idea of retirement plan participants keeping their savings in ERISA-covered plans for life.
Swift Congressional Action Could Follow Fiduciary Rule
Leaders of the Insured Retirement Institute expect “swift and significant legislative reaction” if the Department of Labor’s fiduciary redefinition proposal closely resembles a preliminary version filed in 2010.
More DB Funding Relief Guidance Issued
The DOL has issued guidance about new DB plan funding notice requirements of the Highway and Transportation Funding Act of 2014.
DOL Explains Drop in 2014 Collections Number
The DOL’s Employee Benefits Security Administration says a substantial year-over-year drop in the agency’s reported collection totals for 2014 is the result of a change in reporting technique.
2014 EBSA Collection Totals Questioned
The dollar amount secured by the DOL’s Employee Benefit Security Administration dropped substantially in 2014 compared with the previous year, despite a higher number of cases closed and...
2nd Circuit Agrees with Reformation of CIGNA Cash Balance Plan
In Amara v. CIGNA Corp., an appellate court has once again agreed that a change in plan terms is an appropriate remedy for plan misrepresentations.
myRA Program Not Subject to ERISA
The U.S. Department of Treasury maintains the view that its myRA program is not subject to the extensive reporting, disclosure, fiduciary duty or other requirements of ERISA.
Proposed Bill Aims to Encourage Retirement Plan Offerings
A U.S. Congressman has introduced a bill to encourage small businesses to offer retirement plans for employees.
The Year in Regulation and Guidance
Several regulations and pieces of guidance issued in 2014 will have a lasting impact on retirement plans.
Regulators Got Real About In-Plan Annuities in 2014
With invigorated provider interest and new guidance from key regulators, 2014 turned out to be an important year for annuities in employer-sponsored retirement plans.
Industry Groups Urge No Further Rules for Brokerage Windows
Responding to a request for information from the DOL, most industry groups said they believe no further regulation is necessary to govern use of brokerage windows in retirement...
2015 Year in Preview
Trends, legislation, regulations and litigation will continue to affect the retirement industry in 2015.
Plenty of Regulatory Action Ahead for Retirement Industry
Experts from Drinker Biddle & Reath LLP had no shortage of topics to cover in a recent discussion about potential regulatory and legislative actions related to employer-sponsored retirement...
401(k) Nondiscrimination Tests Explained
With acronyms like ADP, ACP, NHCEs, and HCEs, the technicality of 401(k) plan nondiscrimination testing may seem overwhelming.
Judge Orders Fee Case Evidence Be Given to DOL
A federal district court has approved the Department of Labor’s motion to intervene in a 401(k) excessive fee case.
PSCA Re-Launches Fiduciary Training Program
The Plan Sponsor Council of America (PSCA) re-launched its online ERISA Fiduciary Training Program.