Administration | September 11th, 2024 ERISA Advisory Council Continues to Investigate Retirement Income in QDIAs Testimonies from experts on embedding retirement income solutions in qualified default investment alternatives continued at Wednesday's meeting.
Compliance | September 3rd, 2024 EBSA to Host Webinars on Health Plan Compliance, Retirement Planning The Employee Benefits Security Administration announced upcoming webinars for employers, service providers and workers nearing retirement.
Administration | August 6th, 2024 Senate Appropriations Committee Bill Increases EBSA Funding Meanwhile, the House Appropriations Committee recently proposed a budget that contained sharp cuts to the Employee Benefits Security Administration’s funding.
Compliance | June 26th, 2024 Republicans Look to Defund Retirement Security Rule, Other DOL Priorities House GOP spending proposal cuts all funding for the ESG rule and the Women’s Bureau
Compliance | June 24th, 2024 DOL’s Late IB 95-1 Report Concludes More Time Is Needed The long-awaited report makes no recommendations for changes.
Compliance | June 21st, 2024 ERIC and SPARK Concerned About DOL’s Lost and Found Participant Data Request The information request is too broad, rushed and may create data security issues, the industry lobby groups argued.
Administration | June 5th, 2024 PSNC 2024: Lisa Gomez Talks Cybersecurity, AI, Retirement Security Rule The Department of Labor remains focused on creating a missing participants database, as well as providing guidance on cybersecurity and...
Compliance | May 16th, 2024 EBSA is “Working On” ESOP Appraisal Regulations Also known as adequate consideration, the ESOP community has been calling for share pricing regulation for years.
Compliance | May 14th, 2024 ERISA Advisory Council to Study QDIAs and Health Insurance Appeals Processes The council will report on their findings to EBSA.
Compliance | May 8th, 2024 DOL May Not Have the Authority Over IRAs It Thinks It Has Critics of the Retirement Security Rule argue that at a minimum, DOL cannot regulate IRA to IRA rollovers.
Compliance | May 6th, 2024 Investment Menu Design Under DOL’s Retirement Security Rule Supporters of the rule argue that plan fees should fall, especially for smaller sponsors.
Compliance | May 3rd, 2024 Fiduciary Rule Lawsuit Leans on Past Court Strike-Down An advocacy group for independent insurance advisers alleges the DOL’s Retirement Security Rule is similar to a proposal struck down...
Investing | May 1st, 2024 DOL Rejects GAO Recommendation to Update TDF Guidance GAO reports that the DOL does not offer adequate guidance on how to interpret differences across TDFs.
Compliance | April 24th, 2024 What’s In the Final Retirement Security Rule? The final rule applies fiduciary status for investment sales, rollover recommendations and annuity sales.
Compliance | April 17th, 2024 DOL Asks for Budget Increase to Implement SECURE 2.0 The anticipated final retirement security proposal did not feature anywhere in the budget proposal.
Compliance | April 11th, 2024 Final Fiduciary Rule Expected Soon OIRA has canceled its final meetings on the proposal, and a final rule is considered likely for early next week.
Administration | April 3rd, 2024 Comment Period Extended for SECURE 2.0 Reporting, Disclosure Rules Federal agencies are seeking advice on how to improve the reporting and disclosure system for retirement plans governed by ERISA.
Compliance | April 2nd, 2024 DOL Finalizes QPAM Rule Qualified professional asset managers can now be disqualified for foreign convictions and domestic non-prosecution agreements.
Compliance | April 1st, 2024 Stakeholders Ask for Fewer Regulatory Mandates for Automatic Portability U.S. Chamber of Commerce and ERIC ask for a longer compliance date and a removal of required non-English disclosures.
Compliance | March 25th, 2024 DOL Answers Appeal in ESG Rule Litigation The ESG rule was upheld in a Texas district court, but was appealed to the 5th Circuit in October 2023.