Fee Disclosure Can Be Opportunity for Advisers
Plan sponsors are largely optimistic about fee disclosure regulations, but say they need help from advisers.
Tag: Department of Labor (DOL)
Informational Form 5500s Released
Regulators released advance informational copies of the 2012 Form 5500 annual return/report and related instructions.
Calculator Shows True Cost of 401(k)
Lincoln Trust Company introduced an online tool that helps 401(k) plan participants determine the true cost of their retirement plan.
DOL Provides Post-Hurricane Compliance Relief
The Department of Labor (DOL) issued compliance information for employee benefit plans adversely affected by Hurricane Sandy.
The Fight for Retirement Plan Tax Advantages
In the coming weeks and months, lawmakers will focus on tax reform.
Settlement Resolves DOL’s Madoff Suit
A $220 million settlement agreement resolves a lawsuit brought by the Department of Labor against four investment management firms.
N.Y. AG Wins Settlement of Madoff Claims
Attorney General Eric T. Schneiderman announced a settlement of more than $210 million with Ivy Asset Management.
DOL’s Davis Joins Prudential
Michael L. Davis has joined Prudential Retirement as senior vice president and head of its stable value business.
DOL Weighs In on Single-Property Transaction
The Department of Labor (DOL) stated its position regarding whether a purchase or sale of a single property by a pension trust violates ERISA.
MFS Adds TDFs with 5-Year Increments
MFS Investment Management added five funds to its Lifetime Funds target-date suite, now offering funds in five-year increments through 2055.
DOL Investigations of Service Providers
The Department of Labor (DOL) does not only investigate retirement plans, it also investigates service providers.
Gotbaum Urges More Flexibility for Retirement Plans
The job of regulatory agencies is to encourage the offering of retirement plans.
Avoiding Audits Following Fee Disclosure
Following the final Department of Labor (DOL) 408(b)(2) and 404(a)(5) regulations, many providers and plan sponsors were unprepared, but there are best practices to avoid an audit.
Pension Rights Center Wants Halt on De-Risking
In the wake of moves by several large companies to de-risk their defined benefit (DB) plans, the Pension Rights Center (PRC) is calling for a moratorium on such...
Attorneys Ask for Service Provider 408(b)(2) Remedy
Attorneys with the firm Drinker Biddle & Reath have asked the Department of Labor (DOL) to consider a voluntary correction program for service providers failing to meet disclosure...
Castle Rock Launches Fee Disclosure Review Service
Castle Rock Investment Company rolled out the Fee Disclosure Review Service to assist plan sponsors with 408(b)(2) compliance.
DOL Says Overvaluing Stock Led to ESOP Losses
The Department of Labor (DOL) filed a lawsuit against GreatBanc Trust Co. and Sierra Aluminum Co., alleging that stock overvaluations led to losses for Employee Stock Ownership Plan...
Plan Trustees Sentenced for Embezzling From 401(k)
Trustees of the Irotas Manufacturing Co. Inc. 401(k) plan have been sentenced for embezzling $487,000 from the plan, and have been ordered to pay restitution.
PANC 2012: The Future for Fiduciary Advisers
The Department of Labor’s (DOL’s) re-proposal of the definition of fiduciary is another indication that fiduciary responsibilities are increasing, and broker/dealers in particular could be impacted.
New Toolkit Offers Rollover Solution
The 401K Coach released the Fiduciary Advisor’s Rollover Toolkit to provide a solution and formal process for financial advisers to offer rollover IRA services.