Compliance | April 29th, 2020 Regulators Extend Time Frames for Special and COBRA Health Plan Enrollment Extended time limits disregard the period from March 1 until 60 days after the announced end of the national emergency...
Deals and People | April 24th, 2020 EBSA Head Rutledge to Depart Role in Late May Perhaps his most significant contribution was the role Preston Rutledge played in undoing the Obama-era DOL fiduciary rule expansion.
Compliance | April 23rd, 2020 Administrator of Self-Funded Health Plans Ordered to Restore Funds The Department of Labor found WH Administrators failed to provide proper plan funding and pay medical claims, as well as...
Compliance | March 20th, 2020 401(k) Plan Fiduciaries to Pay for Failure to Remit Participant Loan Repayments A court judgment requires the fiduciaries to not only restore the unremitted repayments to the plan, but also $16,782.80 in...
Compliance | March 19th, 2020 Insurance Company to Pay $3 Million to ESOP for Alleged Share Overpayment The DOL alleges that the company’s president influenced an appraiser’s valuation and the ESOP’s trustee didn’t do his due diligence...
Compliance | March 4th, 2020 DOL, PBGC Announce Searchable Guidance Databases Each database contains, or links to, all the agency’s guidance documents and provides certain information about them.
Compliance | March 3rd, 2020 DOL Announces Know Your Fiduciary Responsibilities Webcast Series Contents of the DOL’s Getting It Right – Know Your Fiduciary Responsibilities seminar will be presented via three different webcast...
Compliance | March 3rd, 2020 Former Pension Fund Trustee to Pay $462K for Embezzlement The trustee embezzled approximately $186,123.93 from the plan, as well as knowingly and willingly failed to file a required annual...
Compliance | January 6th, 2020 2020 ERISA Plan Compliance Calendar A schedule to help plan sponsors track important due dates for their plan
Opinions | January 2nd, 2020 Barry’s Pickings: Retirement Policy 2019 Report Card: B+/A- Michael Barry, president of O3 Plan Advisory Services LLC, rates how actions of Congress, regulators and the courts have or...
Compliance | December 27th, 2019 Tips on How to Find Missing Participants Failure to find missing participants could disqualify a retirement plan under the tax code and lead to breaches of the...
Compliance | December 16th, 2019 Warren Asks DOL Secretary Not to Mimic Reg BI The Democratic presidential candidate fears the DOL is considering a fiduciary rule that would permit advisers providing advice on retirement...
Compliance | December 2nd, 2019 DOL Enforcement Efforts Are Wide-Ranging While the DOL’s Employee Benefit Security Administration is diligent in protecting employees’ benefits, plan sponsors can also turn to it...
Compliance | November 25th, 2019 E-Delivery Proposal Could be Improved, Stakeholders Say While the retirement plan industry has reacted positively to a DOL proposal to make default e-delivery of plan documents the...
Compliance | November 22nd, 2019 403(b) Plan Fiduciaries Ordered to Restore Assets to Plan A mental health services provider, with its tax-exempt status revoked, was sued by the DOL for failing to remit employee...
Compliance | November 19th, 2019 Information Copies of 2019 Form 5500 Published by DOL Among other notable changes, the Form 5500’s Line 23 has been revised to eliminate mortality table options that are not...
Administration | October 23rd, 2019 Reducing the Risk of ESOP Investigations and Litigation An NCEO report provides details about DOL investigations and litigation against ESOPs and provides considerations for ESOP valuations.
Compliance | October 22nd, 2019 Executive Orders May Impact Retirement Plan Guidance Attorneys explain that one order attempts to limit the force and effect of sub-regulatory guidance and the other would limit...
Compliance | October 17th, 2019 What’s With All the Hype About the EBSA Reorganization? The reorganization of the DOL’s Employee Benefits Security Administration may be good news for the retirement plan community.
Compliance | October 11th, 2019 Court Orders ESOP Fiduciary to Complete Fiduciary Training This is in addition to $454,545 in restitution to the plan, paid by the company and its employee stock ownership...