Model Portfolio Guidance Should Not Be Ignored
All the controversy regarding the Department of Labor’s (DOL’s) guidance about fee disclosures for brokerage windows may have overshadowed its guidance for model portfolios.
Tag: Department of Labor (DOL)
Many Participants Do Not Understand Fees
More than half of participants surveyed do not understand retirement plan fees, indicating a need for education before the fee disclosure regulation goes into effect this month.
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Plan Sponsors Ready for Participant Fee Disclosure
The Department of Labor (DOL) participant fee disclosure requirements go into effect August 30, and the majority of plan sponsors surveyed are ready.
Fee Disclosures Can Be Useful Tool for Plans
The Department of Labor (DOL) disclosure requirements have pulled back the curtain on fees paid to service providers by retirement plans, a white paper contends.
DOL Issues Clarification to Participant Fee Disclosure Guidance
The U.S. Department of Labor's Employee Benefits Security Administration issued Field Assistance Bulletin (FAB) No. 2012-02R, which supersedes Field Assistance Bulletin No. 2012-02.
Further Guidance Possible Regarding Brokerage Windows
An official from the Department of Labor (DOL) said further guidance may be issued regarding the treatment of brokerage windows in participant fee disclosures.
Broadridge Offers Provider Fee Disclosure Solution
Broadridge Financial Solutions is offering a turnkey solution to help its clients meet the U.S. Department of Labor's (DOL) 408(b)(2) fee disclosure reporting requirements.
Five Attorneys Join Groom Law Group
Groom Law Group, Chartered, which focuses exclusively on employee benefits, hired five attorneys.
Advisers Favor Extending the Fiduciary Standard
More advisers should be bound by the Employee Retirement Income Security Act (ERISA) fiduciary standard, a survey found.
PSNC 2012: The New Fiduciary
Distinguishing between education and advice is among the most difficult issues when updating the definition of fiduciary, according to a Department of Labor (DOL) official.
DOL’s Answer in Fee Disclosure Guidance ‘Surprising’
When reading Field Assistance Bulletin 2012-02, relating to participant fee disclosures, some industry experts are particularly surprised by the Department of Labor’s (DOL) response to Question 30.
408(b)(2), 404(a)5) Present Prospecting Opportunities
Preparing for fee disclosure regulations may be tedious, but there is a silver lining: 408(b)(2) and 404(a)(5) can create prospecting opportunities for plan advisers.
Plan Advisers Should Urge Sponsors to Prepare for 404(a)(5)
Plan advisers should not delay helping plan sponsors prepare for the 404(a)(5) regulation as the deadline looms.
How Advisers Can Help Sponsors Avoid Plan Audits
With the number of retirement plan audits expected to rise, plan advisers should be proactive in helping plan sponsors avoid hefty fines.
DoL Not Rushing on Fiduciary Definition Proposal
U.S. Department of Labor (DoL) Secretary Hilda L. Solis told lawmakers this week that the agency is not rushing on its re-proposal of a new definition of fiduciary.
Commonwealth Partners with Fiduciary Benchmarks
Commonwealth Financial Network selected Fiduciary Benchmarks to address ERISA’s 408(b)2 fee disclosure regulations.
GAO Reemphasizes Need for Alternative Investment Guidance
The Government Accountability Office (GAO) reemphasized its recommendation that the Department of Labor (DoL) provide guidance for defined benefit (DB) plans that invest in alternatives.