The former Assistant Secretary of the Department of Labor’s (DoL) Employee Benefit Security Administration (EBSA) said the fiduciary definition proposal by the DoL is addressing issues already addressed in recently issued fee disclosure regulations.
A federal judge in Pennsylvania made a mistake when he threw out a
401(k) excessive fee case against Unisys Corporation and Fidelity
Management Trust Company, the Department of Labor (DoL) contends in
Even though the U.S. Department of Labor (DoL) has already turned
down a similar request, The American Society of Pension Professionals & Actuaries
(ASPPA) has also asked for more time to file Form 5500s for the 2009 plan year.
A strong theme in testimony from witnesses at this week’s hearing
into providing lifetime income options in retirement plans was a
warning of how much sponsors fear incurring liability in provider
selection and participant education.
Forty-five companies and interest groups representing the retirement industry testified before the Department of Labor (DoL) and the U.S. Treasury yesterday and today to discuss lifetime income options.
A selection of the 44 comments received by the U.S. Department of Labor (DoL) about its pending fee-disclosure rule shows broad support for the rule’s intent, but continued pressure for more regulatory flexibility and time to comply.
The Department of Labor’s Employee Benefit Security Administration is issuing a proposed rule that would supersede the existing procedure governing the filing and processing of applications for administrative exemptions from the prohibited transaction provisions of the Employee Retirement Income Security Act.
The U. S. Department of Labor’s Employee Benefits Security Administration (EBSA) has released the agenda for the upcoming joint hearing with the Department of the Treasury on lifetime income options for retirement plans.