Fiduciary Rule Grilled on Capitol Hill
Labor Secretary Perez was just about the only witness called to a recent Congressional hearing to actually defend the DOL’s fiduciary redefinition effort.
Tag: DoL
House Committee Moves to Defund Fiduciary Rule Effort
In a section called “Reducing Harmful Red Tape,” the committee proposes a “provision prohibiting regulatory changes to the definition of the term ‘Fiduciary.’”
DOL Announces Hearing About Fiduciary Rule
The announcement also includes the official notice of an extended comment period.
Court Orders Trial to Determine Plan's Top Hat Status
Unresolved issues remain around the selectivity requirement for top hat plans.
DOL Sues Firm Over Company Stock Purchases
The Labor Department filed suit against a California-based manufacturer to recover millions of dollars for ESOP plan participants.
Adviser Opportunity in Educating the Plan Committee
Once a plan committee is established, the adviser is a vital part of keeping members up to date.
Electronic Disclosure Rules Are So Last Century, SPARK Says
Overly restrictive rules make it difficult for plan sponsors and service providers to distribute plan information electronically, a paper says.
AB Rolls Out Multi-Manager Target-Date Series
The AB Multi-Manager Select Retirement Funds, a new target-date series from AllianceBernstein, is co-managed with Morningstar Associates.
PSNC 2015: The Regulatory Environment
Lifetime income, service provider process changes and privacy of retirement plan information are just a few things for which plan sponsors need to prepare.
Plans Subject to Many Types of Errors
But working with an adviser, auditor, provider and ERISA attorney, sponsors can avoid them.
Fiduciaries Removed for Misusing Retirement Plan Funds
The Department of Labor filed suit against fiduciaries of a medical corporation’s pension plan for using plan assets for personal expenses, citing multiple violation of the Employee Retirement...
DOL Wants More Control over Plan Audits
A new report from the Department of Labor suggests the quality of benefit plan audits performed by certified public accountants is lagging, with major deficiencies found in four...
DOL Extends Fiduciary Comment Period
The comment period for the fiduciary proposal is being stretched out for another 15 days, the Department of Labor (DOL) said in a statement.
Church Plan Case Reaches Settlement
A federal district court judge has preliminarily approved a settlement in one of the cases challenging a retirement plan’s church plan status.
GOP Senators Demand More Time for Fiduciary Feedback
A group of Republican senators led by Lamar Alexander urged the Department of Labor to give the public more time to weigh in on the fiduciary proposal.
Fiduciary Rule Could Have Unintended Consequences
The proposed conflicted investment advice rule from the DOL is designed to protect retirement plan and IRA participants, but experts attending the ASPPA Virtual Conference aren’t sure the...
When a Committee of One Runs a 401(k)
Tax-qualified retirement plans run by small business owners must comply with ERISA—whether the sponsor is familiar with the landmark legislation or not.
Distinct Differences in Adviser Opinions of Fiduciary Rule
Advisers responding to the recent fiduciary proposal have “distinct and divergent viewpoints about the rule.”