Tag: EBSA
Borzi Discusses Upcoming Definition of Fiduciary Rule
In a live Web chat, Phyllis Borzi, Assistant Secretary of Labor for the DoL's Employee Benefits Security Administration, said her staff is working to finalize its proposed amendment...
DoL to Host Spanish-Language Advice Webcast
The U.S. Department of Labor’s (DoL) Employee Benefits Security Administration will host a free Spanish-language retirement savings Webcast on June 22.
Nonprofit Weighs in on Electronic Disclosure Debate
The Pension Rights Center, a nonprofit consumer rights organization, believes that current safe harbor rules balance the interests of participants and beneficiaries, and the interests of efficient plan...
EBSA Set to Make Fee Disclosure Deadline Extension Official
The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) will publish in tomorrow’s Federal Register a notice proposing to extend and align the applicability dates for its...
Borzi Provides an Update of Proposed Regulations
There are still changes to be made to 408(b)(2), said Assistant Secretary of Labor Phyllis Borzi, speaking last week.
EBSA Asks for Comments on ICR Extensions
The Employee Benefits Security Administration (EBSA) has requested comments on the proposed extension of three information collection requests (ICRs).
EBSA Announces Fiduciary Workshop for Plan Sponsors
The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) is hosting a workshop on how to correct certain fiduciary violations under the Employee Retirement Income Security Act (ERISA).
Principal Rolls Out Changes to Meet Disclosure Requirements
The Principal Financial Group announced it has made the necessary adjustments for advisers and plan sponsors to comply with new retirement plan fee disclosure regulations.
Group Offers Recommendations for Retirement Plan Audits
The 2010 ERISA Advisory Council found significant problems with retirement plan audit quality, auditor quality, or both.
ERISA Class Exemption Change for INHAMs Released
Federal regulators have released a final amendment to Prohibited Transaction Exemption 96-23 that broadens transactions allowed for employee benefit plans whose assets are managed by in-house asset managers...
EBSA to Host Retirement Workshop for Women
The Department of Labor’s Employee Benefits Security Administration (EBSA) is co-sponsoring a Webcast on April 12 to help women with retirement planning issues.
Fiduciary Definition Comment Period Set to Close April 12
Federal regulators announced that the deadline for public comment about whether the term “fiduciary” should be expanded has been set for April 12, 2011.
DoL Announces “Fiduciary Responsibilities” Webcasts
The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) will sponsor “Getting It Right – Know Your Fiduciary Responsibilities” Webcasts this week.
ASPPA Reiterates Support for DoL Fiduciary Definition Proposal
Stating that previous media reports on its position were unclear, the American Society of Pension Professionals & Actuaries (ASPPA) insists it and its affiliated organizations “strongly support” redefining...
DoL Sues over Abandoned Plan
The U.S. Department of Labor (DoL) sued a now-defunct company alleging it walked away from its 401(k) plan without distributing $1.3 million in assets to participants.
Reish and Kaplan Offer Legal Advice for Advisers
The Dodd-Frank Act, target-date funds, and the evolving role of a fiduciary were some of the topics Frederick Reish and Robert Kaplan touched on at the ASPPA 401(k)...
EBSA Extends Comment Period for Fiduciary Definition Change
Those wishing to comment on a pending regulatory proposal to revamp the definition of a fiduciary under the Employee Retirement Income Security Act (ERISA) now have more time...
IMHO: Underlying Assumptions
Last week the Government Accountability Office (GAO) issued two reports focused on 401(k) plans.
Subtracting “Surprise” from the Equation
The American Society of Pension Professionals and Actuaries (ASPPA) presented a statement this week at a Department of Labor-sponsored hearing regarding proposed changes to the definition of “fiduciary.”