DOL: More Time to Comment on Fiduciary Correction Program
The Department of Labor has extended the public comment period for a program that would allow fiduciaries to self-correct for retirement plan contributions that are not invested, rather than going to the DOL first.
Principal Trading
If Caught Off Guard by a Failure
DOL Proposes Qualified Professional Asset Manager Exemption Changes
The Labor Department’s proposed amendment to a widely utilized prohibited transaction exemption is meant to ensure the exemption continues to protect plans, participants and beneficiaries.
Ready for PTE 2020-02 July 1 Enforcement?
Caution Clients Against IRA Asset Class Mistakes
A recent court case demonstrates why owners of self-directed IRAs should be careful about their investment strategies and asset classes—and where they store any physical assets owned via their IRAs.
DOL Confirms Fiduciary Prohibited Transaction Exemption Will Stand, For Now
In the coming days, the agency will publish related guidance for retirement investors, employee benefit plans and investment advice providers.
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ERISA Industry Stakeholders Analyze Auto-Portability Potential
While enjoying broad support, at this early stage, it is unclear what responsibility a plan sponsor would retain for data security and accurate processing; in addition, auto-portability solutions may be limited by recordkeepers’ willingness to share participants’ personally identifiable information with a third party.