fiduciary fitness
Untangling the Wires
Understanding the rules for electronic disclosure of fee information
Tag: DoL
408(b)(2) Poses Concerns For B/Ds, Small-Plan Advisers
Some industry experts are concerned that covered service providers will misinterpret the Department of Labor’s (DoL) 408(b)(2) regulation guidance about using ranges to estimate indirect compensation.
Tribune Workers Have Retirement Savings Restored
The Tribune Co., GreatBanc Trust Co. and various insurance carriers completed funding a global settlement of $32 million for the Tribune Employee Stock Ownership Plan’s participants.
Defunct Company Ordered to Restore Retirement Plan Assets
The U.S. Department of Labor (DoL) obtained a summary judgment ordering Compass Capital Partners Ltd. and owner Harris M. DeWese to restore $661,206 to the defunct West Chester,...
Appellate Court Reopens Case Against State Street by GM Participants
The 6th U.S. Circuit Court of Appeals revived a stock drop lawsuit brought by General Motors retirement plan participants against State Street.
Understanding the New 403(b) Model Disclosure Form
One of the key reasons for the 403(b) Transparency Taskforce’s new 403(b) model disclosure form is so vendors can show plan sponsors that they offer more than just...
Pioneer Launches Tool for 408(b)(2) Compliance
Pioneer Investments launched a tool for registered investment advisers (RIAs) to help them comply with the new 408(b)(2) regulation.
DoL Sues Company for Failure to Remit Contributions
The U.S. Department of Labor (DoL) filed a lawsuit against Towson Rehabilitation Center LLC and CEO Howard Neels for failing to remit employees’ contributions to the company’s 401(k)...
Plan Advisers Must Understand Final 408(b)(2)
Now that the Department of Labor’s (DoL) regulation for 408(b)(2) has been finalized, it is important for plan advisers to understand how the final ruling impacts them.
Judy Diamond Launches BrokerSight Database
Judy Diamond Associates launched its BrokerSight database, which helps subscribers identify and begin relationships with producers in the retirement market.
White Paper Examines Benefits of a 408(b)(2) Audit
Roland|Criss published its third in a series of white papers addressing the new 408(b)(2) regulation’s specific impact on retirement plan sponsors.
Industry Players Mostly Pleased with Final Rule on 408(b)(2)
Members of the retirement plan community were mostly positive about the final rule on 408(b)(2) fee disclosure regulations.
EPIC Advisors Selects Platform to Provide 408(b)(2) Compliance
EPIC Advisors Inc. (EPIC) chose Castle Rock Innovations’ (CRI) AXIS Retirement platform to provide compliance with the Department of Labor’s 408(b)(2) fee disclosure requirements.
DoL Issues Final Rule on 401(k) Fee Disclosure
The U.S. Department of Labor’s (DoL) Employee Benefits Security Administration (EBSA) issued a final rule on 408(b)(2) fee disclosure Thursday.
PwC Offers Providers Steps to Prepare for Participant-Level Fee Disclosure
Under new Department of Labor rules, retirement plan sponsors must provide fee disclosures to participants by May 31, 2012.
Broadridge Provides Fee Disclosure Overview to Plan Sponsors
A report from Broadridge Financial Solutions provides insights designed to help firms successfully navigate the new fee disclosure regulation being implemented by the Department of Labor.
Book Reveals Wide Range of 401(k) Plan Fees
The average total plan cost for a small 401(k) plan (100 participants) is 1.3%.
EBSA Announces Voluntary Correction Program Events
The Department of Labor (DOL) announced upcoming voluntary fiduciary correction program workshops in three states.
Penn. Company to Restore $34K to 401(k) Plan
Monocacyfabs Inc., of Bethlehem, Pennsylvania, has been ordered to restore $34,000 to its 401(k) plan.
Four Regulatory Hot Spots and What they Mean For You
What will be the top four regulatory items for financial advisers to deal with in 2012? Josh Cohen and Ben Jones of Russell Investments shared their thoughts.