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.
Tag: DOL
Strategies for DC Plans to Mitigate Risks in 2019
Willis Towers Watson offers nine actions for DC plan sponsors to mitigate risks in 2019.
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,...
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...
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.
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...
DOL Proposes Exemption for Retirement Plan Auto-Portability Solution
The agency is inviting public comment on the proposed exemption and encourages additional proposals.
Retirement Plan Sponsors and Providers Given Relief by DOL Due to Hurricanes
The DOL relief relates to plan loans and distributions, remittance of contributions and blackout period notices.
ERISA Attorneys Interpret DOL MEP Regulations
Industry stakeholders disappointed the proposal does not address open MEPs can take heart in the fact that DOL staff are...
EBSA Secures ERISA Settlement from Neuroscience Center
The plan’s sole fiduciary and trustee has agreed to restore pension assets that, according to an EBSA investigation, were improperly...
DOL Seeks to Expand Access to ‘Association Retirement Plans’
These plans allow small businesses within a business group or association to join together to offer defined contribution retirement savings...
DOL Not Giving Up on Fiduciary Rule
Both the DOL and SEC have a September 2019 date for a final action on corresponding fiduciary and best interest...
DOL’s Open MEP Proposal Advances Through OMB
If the DOL’s proposal closely follows President Trump’s executive orders, it is likely to revise the “common nexus” and “one...
Members of Congress Ask Trump to Protect ESOPs
In a letter, members of Congress accuse the DOL of “regulation through litigation” and ask that clear guidance regarding valuation...
Reliance Trust Settles DOL Lawsuit Over ESOP Valuation
The lawsuit alleged that employee stock ownership plan participants overpaid for company stock.
The Perils of Ignoring Participant Complaints
If a plan sponsor fails to respond, they could face a civil and/or DOL lawsuit
President Trump Orders Review of Open MEPs, RMD Rules
President Trump on Friday called on the Department of Labor to consider the pros and cons of allowing small businesses...
Mercer Makes Recommendations for Finding Missing Participants
If there are missing participants that plan sponsors have not made a genuine effort to find, “the entire plan could...
Wells Fargo Pulls Back on Decision to Use T Shares
Although it did answer the question of whether the decision was made in response to the 5th U.S. Circuit Court...
Litigators Not the Only Ones Looking Into Retirement Plan Investments and Fees
The EBSA’s Plan Investment Conflicts (PIC) project have reviewed conflicts of interest of fiduciary service providers and investment managers of...