Tag: Department of Labor
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Celebrating 40 Years of the 401(k)
...And discussing how it could be further strengthened
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Addressing Participant Concerns
If a sponsor does not respond, it could risk a civil and/or DOL lawsuit.
DOL Grants Relief to Benefit Plan Sponsors in California Wildfire Territories
The agency says it recognizes that these wildfires may impede efforts by plan fiduciaries, employers, labor organizations, service providers, and participants and beneficiaries to comply with the Employee...
Informational Copies of 2018 Form 5500 Available
The “Changes to Note” section of the 2018 instructions highlights important modifications to the Form 5500 and Form 5500-SF and their schedules and instructions.
Fiduciary Duties for Auto-Portability Solution Spelled Out by DOL
The DOL has issued an advisory opinion letter in response to a request by Retirement Clearinghouse (RCH), for the Department’s opinion on the status of certain parties as...
DOL Asks for Input on Retirement Plan Auto-Portability
The request comes in a notice of proposed exemption from prohibited transactions for Retirement Clearinghouse's auto-portability solution.
Advisers Delay Acting on SEC’s Best Interest Proposals
Forty percent are waiting for further clarification, Fidelity learned in a survey.
DOL Seeks to Expand Access to MEPs and ‘Association Retirement Plans’
These plans allow small businesses to join together to offer defined contribution retirement savings benefits.
DOL, SEC Both Have Fiduciary Conduct Standards Slated for Next Year
The DOL said it is considering regulatory options in light of a 5th Circuit opinion vacating its previous fiduciary rule, and has on its timeline that a final...
Social Security Benefits to Increase 2.8% in 2019
This is in keeping with a rise in the DOL’s Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).
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Few Plans Embrace ESG
The DOL is asked to clarify its position on socially responsible investing
DOL Called Out for Lack of ESOP Guidance
A letter to the president from members of Congress asks for protection against the DOL's practice of “regulation through litigation.”
DOL, Reliance Trust Settle ESOP Pricing Lawsuit
Reliance Trust will pay $4,545,454 back to the plan within 30 days.
PANC 2018: DOL Audits of Retirement Plan Advisers
The DOL wants to ensure that retirement plan advisers are delivering on all services listed in their contracts with retirement plan sponsors.
PANC 2018 – Top Trends
A look at actively managed versus passively managed equity and bond funds, blended target-date funds, and with more sponsors encouraging retirees to remain in their plan, how defined...