Compliance August 6th, 2024 Senate Committee Passes Bill That Would Boost EBSA Funding The bill differs from a recent House Appropriations Committee proposed budget that would cut funding for the Employee Benefits Security...
Compliance June 26th, 2024 House Republican Appropriations Proposal Would Cut EBSA and Block Fiduciary Rule The budget bill is unlikely to pass in its current form.
Compliance June 24th, 2024 DOL’s IB 95-1 Report Calls for Further Review of DB Pension De-Risking The report from the DOL’s EBSA summarized the concerns of some stakeholders, but makes no recommendations of its own.
Compliance June 21st, 2024 SECURE 2.0 Lost and Found Proposal Faces Industry Headwinds ERIC and SPARK argue that the DOL’s data request goes beyond the intent of the statute and may create participant...
Compliance May 16th, 2024 ESOP Appraisal Proposal Expected in Coming Months EBSA has not, however, set a hard deadline for the much-anticipated proposal.
Compliance May 14th, 2024 QDIAs To Receive ERISA Advisory Council Review The council will study issues related to qualified default investment alternatives and report their findings to EBSA.
Compliance May 8th, 2024 IRA to IRA Rollovers Pose Legal Vulnerability for Retirement Security Rule Legal experts with varying perspectives on the rule agree that DOL likely does not have jurisdiction over IRA to IRA...
Compliance May 7th, 2024 PTE 2020-02 and Compensation-Related Conflicts PTE 2020-02 does not explicitly ban any adviser practices, but does require reasonable conflict mitigation policies regarding compensation.
Compliance May 6th, 2024 What the Fiduciary Rule Means for Investment Menu Advisement Advisers may have to revisit their menu designs for small businesses, but compliance with this part of the rule is...
Compliance May 3rd, 2024 Fiduciary Rule Lawsuit Leans on Prior Court Rebuttal An advocacy group for independent insurance advisers alleges the DOL’s Retirement Security Rule is similar to a proposal struck down...
Compliance May 1st, 2024 GAO Recommends DOL Update TDF Guidance GAO reports concerns about a lack of understanding of TDF glidepaths and the growth of CIT TDFs.
Compliance May 1st, 2024 Unsolicited and Implied Rollovers Under the New Fiduciary Rule Experts parse how a retirement participant’s path to making a rollover will be viewed under the final Retirement Security Rule.
Compliance April 29th, 2024 Advisers Compliant with Reg BI are Compliant with Fiduciary Rule, EBSA Says Ali Khawar added that insurance agents should be knowledgeable of the assets a client is giving up to buy an...
Compliance April 23rd, 2024 DOL Issues Final Retirement Security Rule The much-anticipated fiduciary rule brings retirement plan advisement, one-time rollovers and annuity recommendations under ERISA.
Compliance April 17th, 2024 Su Defends DOL Budget Request at House Hearing The pending retirement security proposal was not a focus, and only one Congressman asked about it.
Compliance April 11th, 2024 OMB Finishes Retirement Security Proposal Review, Final Rule Incoming A final rule on what is also known as the fiduciary proposal is expected in the next few days.
Compliance April 8th, 2024 DOL At Work on Finalizing Definition of Retirement Investment Advice EBSA head Gomez tells NAPA 401(k) Summit audience that the DOL is working on sharper definitions of what constitutes retirement...
Compliance April 3rd, 2024 DOL Extends Time for SECURE 2.0 Reporting, Disclosure Comments The DOL’s EBSA will take public comments for an additional 30 days.
Compliance April 2nd, 2024 DOL Creates More Ways for QPAMs to Be Disqualified The rule adds kinds of misconduct that could result in disqualification and requires managers to also indemnify their clients if...
Compliance April 1st, 2024 Chamber of Commerce, ERIC Ask DOL for Modifications to Auto-Portability Proposal Lobby groups asked the Department of Labor to remove the requirement that plans must appoint an official to monitor portability...