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PSNC 2017 Preview: Washington Update |
This year the panel features Bradford Campbell, partner, Drinker Biddle and Reath LLP, and former Assistant Secretary of Labor overseeing the DOL’s Employee Benefits Security Administration under President G.W. Bush; as well as Michael Kreps, principal, Groom Law Group, and former Senior Pensions and Employment Counsel for the U.S. Senate Committee on Health, Education, Labor, and Pensions from the 110th through the 114th Congresses.
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How Workable Is the BICE? |
Assuming the Department of Labor does not replace the current version of the BIC exemption, the requirements are so burdensome that using it for this fee structure would be impractical, according to one trusted pair of ERISA attorneys.
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Fiduciary Crunch Time |
Retirement industry providers are preparing responses to the fiduciary rule. Those who were depending on the new President and Congress to halt the rulemaking have been caught flat footed.
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Fiduciary Rule Debate Impacts State-Run Plans for Private Sector |
A new bill introduced by Senate minority Democrats, seeking to protect ERISA exemptions for state- and city-run retirement plans for the private sector, would likely be made redundant with the removal of the Obama-era fiduciary rules.
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