IRS OKs Mid-Year Safe Harbor Plan Windsor Updates
The Internal Revenue Service (IRS) announced safe harbor retirement plans can be amended mid-year for changes relating to language about same-gender marriages.
Compliance
Defendants in One Church Plan Case Get a Victory
The defendants in one of the church plan court cases have had their status confirmed by a federal court.
Hispanic Chamber Finds Negative Impact of Fiduciary Redefinition
The expansion of the fiduciary definition proposed by the Department of Labor (DOL) could potentially impede the ability of small businesses to offer employees retirement plans, says a...
IRS Provides Relief for Late Form 5500 Filers
The Internal Revenue Service (IRS) is providing penalty relief for certain late filers of Form 5500.
Retirement Advisor Council Sees Flaw in 408(b)(2) Review
In an open letter to the Department of Labor (DOL), the RAC contends the regulator’s proposed methodology for assessing the impact of 408(b)(2) fee regulations is flawed.
BlackRock Smacked With Fees Suit
Timothy Davidson, a money manager in Florida, said in a potential class action suit that BlackRock Advisors charged disproportionately high investment advisory fees.
Do You Recommend a Fee Policy Statement?
Fee policy statements are in the early stages, but they can help plan sponsors manage fees and help an adviser show he’s ahead of the curve.
IRS to Discuss Related Employer Issues
The Internal Revenue Service (IRS) will hold a free phone forum this month about related employers.
Delta Air Lines Wins Stock Drop Suit Appeal
The 11th U.S. Circuit Court of Appeals used its own case history to dismiss a lawsuit brought by participants in a Delta Air Lines employee stock ownership plan...
Questions Remain on Adviser Social Media Use
Recent guidance from the Securities and Exchange Commission (SEC) on social media use in adviser advertising is helpful, says one compliance services provider, but the update leaves questions...
There Is an Exception to Attorney-Client Privilege
The common law of attorney-client privilege is intended to enable clients to speak with their attorneys in trusted confidence about work-related issues.
DOL Targets Imprudent Margin Investing
The Department of Labor’s Employee Benefits Security Administration (EBSA) filed a complaint in federal court against a Tennessee profit-sharing plan over allegedly imprudent margin investing that triggered plan...
What Will the IRS Be Looking into Next?
In 2010, the Internal Revenue Service (IRS) launched a large compliance project, the 401(k) Questionnaire.
Administering Retirement Plan Account Forfeitures
When a participant terminates employment is not the only time defined contribution (DC) retirement plan account balances may be forfeited, and there are several ways to deal with...
Hidden Opportunity in New Fiduciary Rules?
While it has been reported many retirement plan service providers are concerned about pending fiduciary rule changes, one pair of compliance experts is more optimistic about a potential...