10 Steps for DC Sponsors in the New Year
Mercer believes 2013 is a year for many defined contribution (DC) plan sponsors to take a fresh look at objectives, investment options and participant communications.
Tag: DoL
Solis Announces Resignation of DOL Post
Secretary of Labor Hilda L. Solis announced her resignation.
DC Plan Sponsors Focused on Compliance in 2012
Callan’s “2013 DC Trends Survey” indicates that in 2012, defined contribution (DC) plan sponsors spent their time on compliance matters.
How to Spot Hidden Provider Costs
Plan sponsors can avoid paying hidden provider costs by asking detailed questions.
Fixing Late Deposit of Salary Deferrals
The Internal Revenue Service (IRS) website explains what defined contribution (DC) plan sponsors can do if they fail to timely deposit withheld salary deferrals.
Ameriprise Fund Selection Suit Moves Forward
A case claiming Ameriprise Financial favored its own affiliate funds in its 401(k) investment lineup has moved forward.
DOL Proposes Abandoned Plan Use in Bankruptcy
The Department of Labor’s (DOL’s) Employee Benefits Security Administration (EBSA) proposed a rule to help Chapter 7 bankruptcy trustees distribute retirement plan assets.
Fee Disclosure Can Be Opportunity for Advisers
Plan sponsors are largely optimistic about fee disclosure regulations, but say they need help from advisers.
Informational Form 5500s Released
Regulators released advance informational copies of the 2012 Form 5500 annual return/report and related instructions.
Calculator Shows True Cost of 401(k)
Lincoln Trust Company introduced an online tool that helps 401(k) plan participants determine the true cost of their retirement plan.
DOL Provides Post-Hurricane Compliance Relief
The Department of Labor (DOL) issued compliance information for employee benefit plans adversely affected by Hurricane Sandy.
The Fight for Retirement Plan Tax Advantages
In the coming weeks and months, lawmakers will focus on tax reform.
Settlement Resolves DOL’s Madoff Suit
A $220 million settlement agreement resolves a lawsuit brought by the Department of Labor against four investment management firms.
N.Y. AG Wins Settlement of Madoff Claims
Attorney General Eric T. Schneiderman announced a settlement of more than $210 million with Ivy Asset Management.
DOL’s Davis Joins Prudential
Michael L. Davis has joined Prudential Retirement as senior vice president and head of its stable value business.
DOL Weighs In on Single-Property Transaction
The Department of Labor (DOL) stated its position regarding whether a purchase or sale of a single property by a pension trust violates ERISA.
MFS Adds TDFs with 5-Year Increments
MFS Investment Management added five funds to its Lifetime Funds target-date suite, now offering funds in five-year increments through 2055.
DOL Investigations of Service Providers
The Department of Labor (DOL) does not only investigate retirement plans, it also investigates service providers.
Gotbaum Urges More Flexibility for Retirement Plans
The job of regulatory agencies is to encourage the offering of retirement plans.