Compliance | January 9th, 2024 Julie Su Nomination Returns to the Senate The uncertainty atop the Department of Labor is especially relevant amid the financial industry’s response to the controversial retirement security...
Compliance | January 8th, 2024 House Members Join Calls to Withdraw DOL Fiduciary Proposal A letter, signed by representatives from both sides of the political aisle, argues the proposed DOL rule changes are unnecessary...
Compliance | January 3rd, 2024 Fiduciary Proposal Comment Period Closes, Receives Both Praise and Criticism Morningstar argued that the DOL proposal would lower fees for smaller plans, while ACLI argued it would reduce access to...
Benefits | December 29th, 2023 EBSA’s Lisa Gomez Talks DOL 2024 Agenda The Department of Labor keeps working to implement provisions of 2022’s SECURE 2.0 Act alongside further rules for retirement and...
Compliance | December 29th, 2023 ASA Calls Fiduciary Proposal Unlawful, Anticipates Litigation Group questions authority of Acting Labor Secretary Julie Su to approve any final rulemaking.
Compliance | December 22nd, 2023 DOL Proposes to Rescind 2018 Association Health Plan Rule The original rule, had it not been vacated by a federal court, would have significantly relaxed the parameters for creating...
Compliance | December 21st, 2023 Empower Calls on DOL to Withdraw Fiduciary Proposal According to the recordkeeping giant, the proposal would reduce plan and participant access to sales conversations and recordkeeping services.
Compliance | December 19th, 2023 Annuities, Rollovers, and Access Dominate Debate Over DOL Fiduciary Proposal The insurance industry and consumer advocates have taken polar opposite views on the controversial DOL proposal.
Investing | December 14th, 2023 Nonprofit Group Launches Website to Counter Anti-ESG Information The digital platform aims to improve public understanding of environmental, social and governance investing.
Benefits | December 14th, 2023 Institutional Advisory Division of KeyBank Launches PEP Institutional Advisory debuts 401(k) pooled employer plan, with Transamerica Corp. the recordkeeper and Pentegra the pooled plan administrator.
Compliance | December 13th, 2023 Adviser, Insurance Industries at Odds During DOL Fiduciary Proposal Hearing After two days of hearings, the fiduciary adviser rule has been strongly criticized by the insurance industry but broadly supported...
Compliance | December 13th, 2023 Report: DOL Information Security Needs Improvement An audit of the Department of Labor’s program determined it is ineffective.
Compliance | December 12th, 2023 DOL’s Proposed Fiduciary Rule Changes See Mixed Response The start of 2 days of testimony airs opinion from industry groups, advisers and consumer advocates in live webinars.
Compliance | December 11th, 2023 2024 ERISA Plan Compliance Calendar A schedule to help plan sponsors track important due dates for their plans.
Administration | December 1st, 2023 DOL Reminds Plan Sponsors, Participants to Search for Missed Retirement Assets The Employee Benefits Security Administration released a video to remind plan sponsors about the importance of participants completing the Social...
Compliance | December 1st, 2023 New DOL Proxy Voting Rules Take Effect Friday The new rules will require managers to obtain consent for their investment policy.
Administration | November 17th, 2023 EBSA Faces Budgeting Constraints as Responsibilities Increase The agency increasingly relies on supplemental funds, despite taking on more responsibilities, such as overseeing SECURE 2.0, according to the...
Investing | November 13th, 2023 Navigating ESG: Surveying the Landscape Knowledge about ESG, integration and greenwashing remains low, according to experts at a PLANSPONSOR event.
Compliance | November 10th, 2023 EBSA Head Lisa Gomez Talks Broadening Access to Retirement Benefits The assistant Secretary of Labor for the Employee Benefits Security Administration spoke to PLANSPONSOR about ‘Schoolhouse Rock,’ disparities in retirement...
Data and Research | November 10th, 2023 Lack of Policies to Support Working Caregivers Continues to Set US Economy Back The U.S. has an opportunity to create more than $775 billion in additional economic activity per year by investing in...