In Practice February 29th, 2024 Nuts & Bolts: Fiduciary Basics What new advisers need to know about being a fiduciary, which can be plan trustees, plan administrators or members of...
Products December 14th, 2023 KeyBank Advisory Division Launches PEP Institutional Advisory debuts 401(k) pooled employer plan, with Transamerica Corp. the recordkeeper and Pentegra the pooled plan administrator.
Compliance September 14th, 2023 American Airlines Asks Judge to Toss 401(k) ESG Complaint The airline's motion maintains that former pilot has no standing in ESG investing lawsuit, including an amended complaint that sought...
In Practice June 30th, 2023 How to Protect Retirement Savings Online Individuals should register on their recordkeeper’s website and regularly monitor online retirement accounts, according to the DOL’s Lisa Gomez.
Data & Research April 14th, 2023 Fears of State IRA Plans Overtaking Private Not Realized, Data Shows States that have implemented retirement savings programs for employees have not crowded out private plans, new research from the Pew...
Compliance February 14th, 2023 Federal Judge Nixes DOL Rollover Guidance Interpretation A U.S. District Court judge ruled that Department of Labor guidance violated the Administrative Procedure Act.
Compliance February 13th, 2023 DOL: More Time to Comment on Fiduciary Correction Program The Department of Labor has extended the public comment period for a program that would allow fiduciaries to self-correct for...
Compliance January 18th, 2023 Sports Agency Owner Charged for Allegedly Stealing Retirement Assets The Houston-based sports agent was served a civil suit by the Department of Labor for allegedly dipping into employee retirement...
Compliance November 12th, 2022 DOL: Plan Sponsors in PEPs Don’t Necessarily Need to Purchase Fidelity Bond The department of labor clarified in a response letter some of the responsibility and costs that plan sponsors can offload...
Compliance November 3rd, 2022 PBGC Provides $32.7 Million to Struggling Bricklayers Pension The Akron, Ohio-based multiemployer plan had been providing benefits to nearly 400 participants at below half the level it was...
Compliance September 29th, 2022 Wells Fargo Is Targeted in ERISA Lawsuit Alleging Self-Dealing The Wells Fargo retirement plan fiduciaries are accused of engaging in prohibited transactions and breaching their fiduciary duty to participants.
Compliance September 29th, 2022 Gomez Confirmed as New Head of EBSA The full Senate voted, 49-36, to confirm Lisa Gomez as the new assistant secretary of labor for the Employee Benefits...
Compliance September 28th, 2022 What Is the DOL’s Plan If the Government Shuts Down? Like most organs of the federal government, the Labor Department maintains an explicit policy for government shutdowns as a consequence...
Compliance September 12th, 2022 Senator Calls for Confirmation Vote on Assistant Secretary of Labor Nominee Senator Patty Murray takes the 48th anniversary of ERISA to emphasize the importance of having a proper secretary to oversee...
Client Service September 7th, 2022 DOL to Host Webinar on Women’s Retirement Security The webinar will provide steps women can take that will have a positive impact on their financial future.
Compliance July 28th, 2022 Senators Raise Concerns About Bitcoin in Retirement Plans Several U.S. Senators have sent a letter requesting answers from Fidelity on their decision to allow plan sponsors to offer...
ERISA vista Cryptocurrency in DC Plans The DOL explains the digital investment products’ risks and challenges.
MODERN INVESTMENT MENU / CRYPTOCURRENCY Fool’s Gold for 401(k)s? The DOL’s guidance on cryptocurrency causes much confusion.
Compliance March 9th, 2022 DOL Amends Certain Prohibited Transaction Exemptions The amendments remove credit rating requirements related to the evaluation of non-convertible debt securities, commercial paper and securities lending transactions.
Compliance February 11th, 2022 DOL Publishes RFI on Climate-Related Financial Risks to Savings The Department of Labor wants help identifying actions it can take to safeguard employees’ savings and pensions from threats related...