Tag: DoL

Never has the industry seen such potential for change, Marcia Wagner, president of The Wagner Law Group, told attendees at the PLANADVISER National Conference in Orlando, Florida.

A new survey from AARP confirmed that most plan participants do not want plan-related advice in the best interest of the professional who advises them.

Most RIAs agree that the requirement to act as fiduciaries helps them win business away from wirehouse brokers.

The Department of Labor (DOL) will host a two-part webcast this month to discuss the Patient Protection and Affordable Care Act (PPACA) with employers.

The Department of Labor (DOL) has obtained a consent judgment to recover plan assets.

Retirement plan regulations have been pushed aside for a bit following the Supreme Court decision about the Defense of Marriage Act (DOMA).

Russell Investments sent a comment letter to the Department of Labor (DOL), suggesting that the DOL test some of the proposals with participants.

The U.S. Department of Labor (DOL) has alleged that DTK Computer Inc. failed to take control of its retirement plan’s assets.

A majority of advisers surveyed (79%) said the strictest fiduciary standard should apply to rollovers of retirement accounts.

An investment adviser has been ordered to restore plan losses, incentive fees and penalties for several employee benefit plans.

The U.S. Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) announced default judgments have been entered against the fiduciaries of two retirement plans.

An insurance brokerage firm must repay more than $270,000 to the participants and beneficiaries of a Florida-based retirement plan.

Some practices can trip up plan providers and make them susceptible to Department of Labor (DOL) investigations, but there is some negotiating that can be done.

The SPARK Institute said it supports guidance that will encourage retirement plan sponsors and service providers to voluntarily furnish lifetime income illustrations to participants.

The American Society of Pension Professionals & Actuaries (ASPPA) has asked the U.S. Department of Labor (DOL) to enhance Schedule C of Form 5500.

Some employers that have filed a Form 5500 have received a “Request for Clarification” from the U.S. Department of Labor (DOL).

Thomas E. Perez was nominated by President Obama to serve as the nation's 26th Secretary of Labor, and was sworn in on July 23.

The U.S. Department of Labor’s (DOL’s) Employee Benefits Security Administration (EBSA) will sponsor Getting It Right – Know Your Fiduciary Responsibilities webcasts.

Putnam Investments has a few recommendations for the Department of Labor (DOL) about lifetime income illustrations on benefit statements.

The Internal Revenue Service (IRS) is hosting a phone forum about good internal controls.