Compliance May 16th, 2023 ASA: DOL Drops Appeal to 401(k) Rollover Advice Ruling According to the trade association, the regulator will not appeal a ruling that keeps 401(k) rollover advice outside of fiduciary...
Compliance May 15th, 2023 DOL to Extend UBS, Credit Suisse 401(k) Asset Management Exemption The DOL proposes extending for one year beyond their merger the exemptions being used by UBS and Credit Suisse to...
Compliance May 12th, 2023 Asst. Labor Secretary Gomez Says DOL Studying SECURE 2.0 Implementations The EBSA head also discussed the need to educate market participants on the DOL's ESG rule and changes to COVID-19...
Compliance April 26th, 2023 Senate HELP Committee Advances Su’s Nomination on Partisan Lines No floor vote has been scheduled for the confirmation of the acting Secretary of Labor, who faces Republican opposition.
Compliance April 20th, 2023 Acting Labor Secretary Su Says SECURE 2.0 Guidance Coming in “Timely Manner” Committee to consider Su's confirmation to replace Marty Walsh, who left the DOL in February.
April 4th, 2023 DOL Takes On Lawsuit Challenging Its ESG Rule The Department of Labor argued the ESG rule merely permits ESG considerations and is consistent with ERISA.
Compliance March 22nd, 2023 EBSA Provides More Time for QPAM Exemption Proposal Comments The proposed changes to the QPAM exemption can now receive public comment until April 6.
Compliance March 20th, 2023 Biden’s First Veto Keeps DOL’s ESG Rule in Place The president followed through on his promise to veto a Congressional attempt to nix a DOL rule allowing ESG investing...
Compliance March 16th, 2023 Anti-ESG States Continue Organizing Policy experts say that ESG policy is likely to be most active at the state level.
Compliance March 10th, 2023 White House Budget Proposal Increases Funding for DOL Enforcement Actions President Joe Biden’s proposal for fiscal 2024 also provides Social Security Administration, IRS with more money to improve customer service.
Compliance March 8th, 2023 EBSA Announces Three-Part Webinar Series on Fiduciary Duties The webinars will cover retirement plans and group health plans.
Compliance March 7th, 2023 Five New Members Added to ERISA Advisory Council The five new members join the Council, totaling 15 members, who give advice to the DOL on ERISA regulatory matters.
The Markets March 6th, 2023 As US Awaits Biden Veto to Keep ESG Rule, Advisers Shrug Much ink has been spilled over legislation to overturn a DOL rule that allows ESG investing in retirement plans. Plan...
Compliance March 1st, 2023 Senate Joins House in Refuting DOL’s ESG Rule A resolution to nullify the DOL's rule permitting ESG investing in retirement plans will now go to President Joe Biden,...
Compliance February 28th, 2023 House Passes Resolution to Repeal DOL 401(k) ESG Rule The resolution catalyzes the debate over whether to allow ESG investing considerations in retirement savings plans, with the Senate next...
Deals & People February 28th, 2023 Biden To Nominate Su for Secretary of Labor Deputy Secretary of Labor Julie Su has been selected to replace the outgoing Marty Walsh, but Senate confirmation may bring...
Compliance February 28th, 2023 EBSA Head Says Disclosure, SECURE 2.0, ESG Are Key Priorities EBSA’s Lisa Gomez identified upcoming regulatory priorities related to SECURE 2.0 and the importance of effective disclosure at a conference...
Compliance February 24th, 2023 DOL Updates Form 5500 for 2023 This year’s changes include reporting modifications for PEPs and small plans.
Compliance February 24th, 2023 Embattled DOL ESG Rule Receives Democratic Congressional Support A DOL rule permitting ESG considerations in retirement plan investing has been challenged by two separate lawsuits. House Democrats are...
Compliance February 23rd, 2023 Legal Complaint Says DOL’s ESG Rule “Jeopardizes” Retirement Savers A second lawsuit in less than a month has been brought challenging the legality of the DOL’s rule concerning ESG...