DOL Asks for Budget Increase to Implement SECURE 2.0
The anticipated final retirement security proposal did not feature anywhere in the budget proposal.
Tag: EBSA
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.
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.
DOL Finalizes QPAM Rule
Qualified professional asset managers can now be disqualified for foreign convictions and domestic non-prosecution agreements.
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.
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.
Advocates for DOL Fiduciary Proposal Say Existing Insurance Regulations Fall Short
The proposal would add a private right of action and tighter conflict of interest rules.
DOL Sends Final Fiduciary Rule to OIRA For Review
The final draft has been written and now will undergo a review expected to take about 60 days.
EBSA Expects to Finalize Voluntary Correction Update in ‘Next Few Months’
Ali Khawar, of the Employee Benefit Security Administration, indicated that the agency may be set to finalize amendments to the...
Congressional Hearing Highlights Arguments for, Against Retirement Security Proposal
The House of Representatives hosted a second hearing on the retirement security proposal, during which witnesses disagreed on the adequacy...
DOL’s EBSA Recovered $1.4B for Retirement, Health Plans in 2023
Regulator cites growth of outreach and education programs along with monetary recoveries among last year's accomplishments.
DOL Official Makes Case for Retirement Security Proposal
Tim Hauser sat down with PLANSPONSOR to discuss the merits of the proposal.
EBSA Plans March Fiduciary Responsibility Webinar Series
The events will offer information about disclosure requirements and other obligations for retirement and health benefit plans.
A Call for Feedback on Retirement Reporting Requirements
Federal agencies are looking for comments on how to make overall improvements to the current disclosure and reporting system.
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 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...