Su Defends DOL Budget Request at House Hearing
The pending retirement security proposal was not a focus, and only one Congressman asked about it.
Tag: DoL
DOL Asks Plan Administrators to Provide Participant Data for Lost and Found
The missing participant database requires plans to voluntarily turn over participant data to the DOL.
OMB Finishes Retirement Security Proposal Review, Final Rule Incoming
A final rule on what is also known as the fiduciary proposal is expected in the next few days.
DOL At Work on Finalizing Definition of Retirement Investment Advice
EBSA head Gomez tells NAPA 401(k) Summit audience that the DOL is working on sharper definitions of what constitutes retirement...
Insurance Group Calls for Public Comment Period on IB 95-1
With the DOL yet to meet a deadline to propose modifications, the ACLI argues changes could put a chill on...
DOL Extends Time for SECURE 2.0 Reporting, Disclosure Comments
The DOL’s EBSA will take public comments for an additional 30 days.
DOL Creates More Ways for QPAMs to Be Disqualified
The rule adds kinds of misconduct that could result in disqualification and requires managers to also indemnify their clients if...
DOL Defends ESG Rule Against 5th Circuit Appeal
The challenge to the DOL’s ESG rule continues at the appellate level.
Managing Fiduciary Conflicts in the Age of Convergence
ERISA expert David Kaleda discusses what the DOL’s proposed Retirement Security Rule may mean for retirement and wealth management firms.
Final Fiduciary Rule Goes to OIRA for Review
The controversial rule will likely be published later this spring, with changes anticipated.
5 New Members Appointed to ERISA Advisory Council
The 15-member panel comes from the retirement and investment industry and advises the Department of Labor on ERISA-related issues.
New Voluntary Correction Rules Could Be Finalized Soon
In ‘the next few months,’ fiduciaries may be allowed to self-correct certain administrative errors.
Julie Su Faces 2nd Nomination Process to Head DOL
After her April 2023 nomination expired at the end of the year, President Joe Biden re-nominated the former California secretary...
The Expansive Reach of the DOL’s Proposed Fiduciary Rule
ERISA experts Fred Reish and Joan Neri answer a question and provide detail on the department's proposed retirement security rule.
TIAA Subsidiary Settles With SEC for $2.2M on IRA Recommendation Charge
TIAA-CREF Individual and Institutional Services settled charges of failing to comply with Regulation Best Interest.
EBSA Recovered $1.4B in Retirement, Health Benefits in ’23
Head Lisa Gomez points to education and outreach growth as important outcomes, along with recovered funds and relief.
DOL Aims to Streamline PTE Application Process With New Rule
The changes are intended to reduce the amount of time needed to finalize prohibited transaction exemptions for plan fiduciaries.
Nuts & Bolts: QDIAs
What new advisers need to know about qualified default investment alternatives in retirement plans.
Detailing the DOL’s Auto-Portability Proposal
Its goal is to help missing participants consolidate their retirement assets in a tax-advantaged workplace plan.
Regulators Seek Comment on ERISA Disclosure Requirements
The IRS, PBGC and EBSA are accepting suggestions on how to simplify disclosures to benefit fiduciaries and participants.