Compliance | April 11th, 2019 DOL Offers Relief for Plan Sponsors Due to Severe Storms The relief on ERISA compliance applies to plan sponsors in Nebraska, Iowa and Alabama identified now or in the future...
Compliance | April 1st, 2019 Court Says DOL Overstepped Boundary with AHP Regulations A district court has determined that the Department of Labor’s 2018 final regulations on association health plans are unlawful.
Compliance | March 7th, 2019 Investment Adviser Sentenced for Defrauding Pension Plan The Department of Labor found the investment adviser made 63 fraudulent requests to Transamerica for lump sum benefit checks for...
Compliance | February 20th, 2019 DOL’s Next Fiduciary Responsibilities Seminar Heading to Portland In addition, the agency is holding a three-day webcast series in March.
Compliance | February 5th, 2019 DOL Announces Fiduciary Responsibilities Seminar in San Diego In addition, the agency has announced a “Getting It Right – Know Your Fiduciary Responsibilities” three-day webcast series.
Compliance | January 28th, 2019 DOL Invites Correction for Failure to Timely Remit Contributions An update from law firm Masuda, Funai, Eifert & Mitchell, Ltd. says that based on reviews of Form 5500s, the...
Compliance | January 25th, 2019 Failure to Remit Contributions Cost Retirement Plan Fiduciaries Over $500,000 In addition, a federal district court has ordered the trustee of the plans not to serve in a fiduciary capacity...
Data and Research | January 22nd, 2019 LIMRA Hopeful for Open MEP Progress in 2019 Legislative proposals could pave the way for increased access to workplace retirement savings plans in 2019, LIMRA says.
Compliance | January 16th, 2019 Best Practices for Managing ERISA Litigation Risk in 2019 Three Mayer Brown ERISA attorneys discuss the current litigation landscape and offer practical strategies for promoting compliance in 2019.
Compliance | January 16th, 2019 2019 Could Be Banner Year for ESG in ERISA Plans Plan sponsors voice concern about a lack of uniform ESG data reporting and lingering regulatory uncertainty—but more and more continue...
Opinions | January 3rd, 2019 Barry’s Pickings Online: Trump DOL Mid-Term Report Card Michael Barry, president of October Three (O3) Plan Advisory Services LLC, offers his opinions about retirement plan issues addressed—and not...
Compliance | December 31st, 2018 DOL Urged to Expand Association Retirement Plan Proposal Many industry groups that submitted comments to the DOL argued that the plain language of Section 3(5) of the Employee...
Compliance | December 28th, 2018 A Look Back at Important 2018 Regulatory Developments Plan sponsors faced another year of rapid regulatory change in 2018, with important developments coming out of the DOL, IRS...
Compliance | December 24th, 2018 DOL Asked for Guidance on Retirement Plan Cybersecurity The ERISA Advisory Council is asking the DOL to provide guidance on how plan sponsors should evaluate the cybersecurity risks...
Administration | December 20th, 2018 Mercer Sets Goals for DC Plans for the Coming Year They are centered around three key themes: 1) Secure your foundation, 2) Achieve greater prosperity and 3) Inspire confidence.
Administration | November 30th, 2018 Strategies for DC Plans to Mitigate Risks in 2019 Willis Towers Watson offers nine actions for DC plan sponsors to mitigate risks in 2019.
Compliance | November 26th, 2018 DOL Grants Retirement Plan Compliance Relief Due to California Wildfires The relief relates to the verification procedures for retirement plan hardships and loans, timely remittance of contributions and loan repayments,...
Administration | November 20th, 2018 Stakeholders Say Auto-Portability Complements Modern Plan Design Jana Steele, senior vice president and researcher for Callan, says auto-portability is the next natural extension of highly successful plan...
Compliance | November 14th, 2018 Regulators Release Informational Copies of 2018 Form 5500 Modifications to the Form 5500 and Form 5500-SF and their schedules and instructions have been highlighted.
Compliance | November 13th, 2018 DOL Clarifies Fiduciary Roles in Auto-Portability Solution The agency says plan sponsors have fiduciary responsibility for selecting and monitoring Retirement Clearinghouse’s Auto-Portability Solution, but once assets have...