How the DOL’s Auto-Portability Proposal Works
Service providers could charge a fee directly to an IRA owner for executing a transfer to their new qualified plan.
Tag: DOL
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Will Plan Sponsors Adopt PLESAs in 2024?
With new guidance from the DOL and IRS, employers have an opportunity to hit the ground running and adopt pension-linked...
Fiduciary Proposal May Be Extremely Expensive to Implement, Oxford Survey Finds
The biggest costs would come from disclosure requirements related to rollover decisions, according to a survey commissioned by a financial...
American Securities Association Wants DOL Employees Recused From Work on Fiduciary Proposal
The ASA requested that Congress identify and consider removing from the project certain DOL staff involved with the proposal.
House Committee Hears Expert Testimony on Fiduciary Proposal
Members of Congress and their invited experts discussed the pros and cons of the Department of Labor’s retirement security proposal.
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...
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...
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...
ASA Calls Fiduciary Proposal Unlawful, Anticipates Litigation
Group questions authority of Acting Labor Secretary Julie Su to approve any final rulemaking.
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...
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.
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.
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...
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.
2024 ERISA Plan Compliance Calendar
A schedule to help plan sponsors track important due dates for their plans.
New DOL Proxy Voting Rules Take Effect Friday
The new rules will require managers to obtain consent for their investment policy.
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...
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...
Trade Groups Say 60-Day Comment Period Is Not Enough for the Fiduciary Rule
Industry associations write to the DOL arguing that the new proposal is too long and complicated for just a 60-day...
New House Speaker Mostly Unknown to Retirement Industry
Industry advocates have very little to say about Mike Johnson, good or bad, but another budget showdown could reveal his...