Compliance | July 18th, 2023 Ownership Structure, Investment Strategies of Annuities Concern Sponsors, ERISA Council Says The ERISA Advisory Council discussed emerging trends in the annuities market, as well as concerns expressed by sponsors and other...
Compliance | July 12th, 2023 EBSA Compliance Seminar Set for August The seminar will take place in Buffalo, New York, and aims to educate plan sponsors about basic fiduciary responsibilities.
Compliance | July 10th, 2023 FAQ Clarifies Status of In-Network Providers, Facility Fees The FAQ also strengthens the health care cost protections of the No Surprises Act.
Compliance | June 26th, 2023 EBSA to Host Health Benefits Seminar in Las Vegas Small and midsize employers have an opportunity to learn more about complying with federal and state health care laws next...
Compliance | June 15th, 2023 EBSA Says It Will Propose Fiduciary Rule in August The regulatory agenda contained several other items, such as the 401(k) lost and found, emergency savings sidecars and pooled employer...
Compliance | June 9th, 2023 DOL to Host Compliance Seminar for Small Businesses in Buffalo The EBSA seminar will focus on increasing awareness and understanding of basic fiduciary responsibilities when operating a small or medium-sized...
Compliance | May 15th, 2023 DOL Proposes Extending UBS, Credit Suisse QPAM Exemptions The two Swiss financial firms are relying on exemptions granted by the DOL to keep managing retirement plan assets, when...
Compliance | May 11th, 2023 EBSA’s Gomez Offers Glimpse of DOL’s Thinking on ESG Rule; SECURE 2.0 Also, with the end of COVID-19 as an official public health emergency, the assistant secretary of labor wants to make...
Benefits | March 24th, 2023 EBSA’s Gomez Highlights Retirement Pioneer During Women’s History Month Lisa Gomez, the head of EBSA, honored Cindy Hounsell’s achievements in increasing women’s financial education and retirement security.
Compliance | March 22nd, 2023 DOL Reopens Comment Period for QPAM Exemption Change A third comment period will remain open until April 6.
Compliance | March 10th, 2023 DOL Urged to Pursue Equal Opportunity Cases in Biden Budget Proposal The White House’s proposed fiscal 2024 budget would also increase budgets for the Social Security Administration and the IRS.
Compliance | March 8th, 2023 Upcoming EBSA Webinars Will Detail Fiduciary Duties Three EBSA webinars this month will explain the basics of ERISA fiduciary duties for retirement and health plans.
Compliance | February 28th, 2023 Assistant Secretary Gomez Explains Upcoming EBSA Priorities Effective disclosure, SECURE 2.0 and ESG are at the top of EBSA’s short-term agenda, according to EBSA Head Lisa Gomez.
Compliance | February 6th, 2023 Partisan Divide Continues to Sharpen on ESG Investing EBSA head Lisa Gomez spoke in defense of a DOL rule that would permit ESG in retirement plans as Republicans...
Compliance | November 28th, 2022 New DOL Proposal Would Allow Fiduciaries to Self-Correct Certain Errors If certain conditions are met, the proposal would allow fiduciaries to correct mistakes themselves without incurring a civil penalty.
Compliance | November 23rd, 2022 ESG Is Now Permissible, But Not Required, Under ERISA The DOL rule is designed to reduce legal uncertainty and obstacles to ESG investment.
Compliance | November 17th, 2022 Public Hearing Exposes Discord on QPAM Rule Implementation A DOL public hearing held Thursday on the new QPAM Rule proposal highlighted concerns about foreign convictions and non-prosecution agreements...
Compliance | September 27th, 2022 What Would a Government Shutdown Mean for the DOL? The Department of Labor would be able to sustain services deemed essential, as well as those that receive forms of...
Compliance | September 13th, 2022 DOL Recovers Millions for Wells Fargo Plan Participants A settlement has been reached after an Employee Benefits Security Administration investigation.
Compliance | September 6th, 2022 Hearing Scheduled, Comment Period Extended on QPAM Exemption Proposal The comment period of the DOL’s proposed amendment was scheduled to expire in late September, but the regulator says it...