DOL Offers Voluntary Fiduciary Correction Program Webinar
The Department of Labor’s Employee Benefits Security Administration is holding a Voluntary Fiduciary Correction Program webinar in March.
Tag: DoL
House Members Push DOL for Fiduciary Rule Details
A bipartisan group of U.S. House members penned an open letter to the Department of Labor that demands more detail be shared about the ongoing fiduciary redefinition effort.
Company Stock Considerations Depend on Employer Goal
Implications of two litigation outcomes in June 2014 depend on the type of employee stock ownership plan an employer offers.
Advisers Gain Congressional Allies in Fiduciary Definition Debate
A number of elected officials have emerged on the side of financial advisers in opposing the Department of Labor’s fiduciary redefinition effort—introducing ambitious legislation to block changes to...
DOL Series Takes on Fiduciary Challenges for Small Sponsors
A webcast series from the DOL aims to help increase awareness and understanding about basic fiduciary responsibilities for plan sponsors of retirement or health benefit plans.
Court Orders Additional Recovery of Misused Pension Funds
A federal court has ordered a fiduciary to repay $300,000 to a number of pension plans, for which the Department of Labor sued over misuse of assets.
Pushback and Applause for Obama’s Fiduciary Comments
President Barack Obama said he expects opposition from special interest groups to the pending fiduciary rule, even though specifics of the rulemaking have not yet been disclosed.
President Fires Warning Shot in Fiduciary Rule Debate
The Obama Administration is strongly backing the Department of Labor’s ongoing fiduciary redefinition effort, with the president advocating for a strengthened fiduciary standard amid a flurry of industry...
Managing Risks for DC Retirement Plans
Defined contribution retirement plan sponsors are subject to many risks, which ultimately put a company’s reputation at risk, experts at Sibson Consulting note.
ERISApedia Provides Answers and Discourse
The launch of ERISApedia.com provides retirement plan sponsors, administrators, attorneys and advisers with easy access to compliance information and important retirement industry materials.
Booklets Provide 2015 Social Security and Medicare Info
Mercer announced the release of informational booklets providing updated guidance about Social Security and Medicare for 2015.
Two Sides Start Duking It Out on Fiduciary Rule
A draft version of a White House memo and a new website are causing some sparks in the adviser community.
Council Supports Keeping Participants in Retirement Plans
The ERISA Advisory Council has made recommendations to support the idea of retirement plan participants keeping their savings in ERISA-covered plans for life.
Swift Congressional Action Could Follow Fiduciary Rule
Leaders of the Insured Retirement Institute expect “swift and significant legislative reaction” if the Department of Labor’s fiduciary redefinition proposal closely resembles a preliminary version filed in 2010.
More DB Funding Relief Guidance Issued
The DOL has issued guidance about new DB plan funding notice requirements of the Highway and Transportation Funding Act of 2014.
DOL Explains Drop in 2014 Collections Number
The DOL’s Employee Benefits Security Administration says a substantial year-over-year drop in the agency’s reported collection totals for 2014 is the result of a change in reporting technique.
2014 EBSA Collection Totals Questioned
The dollar amount secured by the DOL’s Employee Benefit Security Administration dropped substantially in 2014 compared with the previous year, despite a higher number of cases closed and...
2nd Circuit Agrees with Reformation of CIGNA Cash Balance Plan
In Amara v. CIGNA Corp., an appellate court has once again agreed that a change in plan terms is an appropriate remedy for plan misrepresentations.