Second US District Court Issues Stay of Retirement Security Rule
The Northern District of Texas quickly followed the Eastern by staying the Department of Labor’s fiduciary rule ahead of its...
Tag: DoL
Judge Stays DOL’s Retirement Security Rule
The preliminary injunction issued in a Texas district court comes with the fiduciary rule scheduled to take effect September 23.
5th Circuit Appeals Court Sends DOL ESG Case Back to Texas Court
A challenge to the 2022 Department of Labor ESG rule on 401(k) plan investing returns to a Texas district court...
DOL Announces Online Filing for Abandoned 401(k) Plans
The online system launches shortly after the DOL amended a rule to include Chapter 7 bankruptcies.
Why Chevron Reversal May Make Retirement’s ‘Most Cautious’ Players More Risk-Averse
ERISA experts also suggest that longer-term court rulings could lessen regulatory flip-flopping.
DOL’s ESG Rule Challengers Cite Chevron Reversal
Challengers of the rule that allows environmental, social and governance factors to be considered in investment decisions cited the overturning...
The DOL, the IRS and the Chevron Reversal
The Supreme Court’s Chevron reversal creates uncertainty for plan advisers and sponsors.
FSI, SIFMA Join Insurance Industry Lawsuit Against Retirement Security Rule
Brokers and asset managers have also opposed the rule, alongside the life insurance industry.
Congress Urges Treasury to Share Unclaimed Bond Data with States
There are about $30 billion in unclaimed savings bond assets that could be distributed to Americans.
DOL Backs Unenforceability of Class Action Waivers
The regulator filed an amicus brief with the 6th Circuit in May arguing that class action waivers in plan agreements...
Chamber of Commerce, ERIC Plead for Fewer Retirement Plan Disclosures
The interest groups agree that most participants do not read nor understand many disclosures related to their retirement benefits.
9 Insurance Trade Groups File Suit Against DOL’s New Fiduciary Proposal
The firms filed a suit in Texas court seeking to undue the Retirement Security Rule aiming to rework the definition...
ESOP Appraisal Proposal Expected in Coming Months
EBSA has not, however, set a hard deadline for the much-anticipated proposal.
PTE 2020-02 and Compensation-Related Conflicts
PTE 2020-02 does not explicitly ban any adviser practices, but does require reasonable conflict mitigation policies regarding compensation.
DB and DC Participant Access Update
The BLS’ most recent data reports 67% of private workers have access to a defined contribution plan and 15% can...
Fiduciary Rule Lawsuit Leans on Prior Court Rebuttal
An advocacy group for independent insurance advisers alleges the DOL’s Retirement Security Rule is similar to a proposal struck down...
Unsolicited and Implied Rollovers Under the New Fiduciary Rule
Experts parse how a retirement participant’s path to making a rollover will be viewed under the final Retirement Security Rule.
Independent Contractors and Plan Eligibility
The DOL’s new rule on independent contractors could lead to more workers being eligible for retirement plans, depending on plan...
Advisers Compliant with Reg BI are Compliant with Fiduciary Rule, EBSA Says
Ali Khawar added that insurance agents should be knowledgeable of the assets a client is giving up to buy an...
DOL Issues Final Retirement Security Rule
The much-anticipated fiduciary rule brings retirement plan advisement, one-time rollovers and annuity recommendations under ERISA.