Compliance

August 14, 2017

Sears Faces Another ERISA Lawsuit

A new stock drop complaint includes not only the Sears Holdings Savings Plan, but also the Sears Holdings Puerto Rico Savings Plan.

August 11, 2017

Survey Suggests Small-Balance Retirement Savers Hurt by Fiduciary Rule

FSR says, “access to investment services for investors with modest-sized and small account balances has been, and will continue to be, substantially diminished as a result of the best interest contract (BIC) exemption’s onerous compliance burdens and litigation risks.”

August 09, 2017

Sanctions Bill Affects Retirement Plans

Groom Law Group attorneys say they have seen an increase in the number of pension plans that have faced possible Office of Foreign Assets Control violations arising from distributions and investments.

August 04, 2017

DOL Fiduciary Rule FAQ Further Clarifies Compliance Demands

In general, if a covered service provider will continue after the fiduciary rule to provide services only in a non-fiduciary capacity, or has already effectively disclosed investment advice fiduciary status, no additional disclosure would be required under the 408b(2) regulation.

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