Further Guidance Possible Regarding Brokerage Windows
An official from the Department of Labor (DOL) said further guidance may be issued regarding the treatment of brokerage windows in participant fee disclosures.
Tag: DoL
Broadridge Offers Provider Fee Disclosure Solution
Broadridge Financial Solutions is offering a turnkey solution to help its clients meet the U.S. Department of Labor's (DOL) 408(b)(2) fee disclosure reporting requirements.
Five Attorneys Join Groom Law Group
Groom Law Group, Chartered, which focuses exclusively on employee benefits, hired five attorneys.
Advisers Favor Extending the Fiduciary Standard
More advisers should be bound by the Employee Retirement Income Security Act (ERISA) fiduciary standard, a survey found.
PSNC 2012: The New Fiduciary
Distinguishing between education and advice is among the most difficult issues when updating the definition of fiduciary, according to a Department of Labor (DOL) official.
DOL’s Answer in Fee Disclosure Guidance ‘Surprising’
When reading Field Assistance Bulletin 2012-02, relating to participant fee disclosures, some industry experts are particularly surprised by the Department of Labor’s (DOL) response to Question 30.
408(b)(2), 404(a)5) Present Prospecting Opportunities
Preparing for fee disclosure regulations may be tedious, but there is a silver lining: 408(b)(2) and 404(a)(5) can create prospecting opportunities for plan advisers.
Plan Advisers Should Urge Sponsors to Prepare for 404(a)(5)
Plan advisers should not delay helping plan sponsors prepare for the 404(a)(5) regulation as the deadline looms.
How Advisers Can Help Sponsors Avoid Plan Audits
With the number of retirement plan audits expected to rise, plan advisers should be proactive in helping plan sponsors avoid hefty fines.
DoL Not Rushing on Fiduciary Definition Proposal
U.S. Department of Labor (DoL) Secretary Hilda L. Solis told lawmakers this week that the agency is not rushing on its re-proposal of a new definition of fiduciary.
Commonwealth Partners with Fiduciary Benchmarks
Commonwealth Financial Network selected Fiduciary Benchmarks to address ERISA’s 408(b)2 fee disclosure regulations.
GAO Reemphasizes Need for Alternative Investment Guidance
The Government Accountability Office (GAO) reemphasized its recommendation that the Department of Labor (DoL) provide guidance for defined benefit (DB) plans that invest in alternatives.
Tips for Preparing for 408(b)(2)
A webcast by The Spark Institute examined details of the Department of Labor’s (DoL) final 408(b)2) regulation.
GAO Recommends Retirement Plan Outreach to Small Employers
The Government Accountability Office (GAO) recommends the formation of an interagency task force to coordinate existing research, education and outreach efforts to foster small-employer retirement plan sponsorship.
EBSA to Host VFCP Advanced Workshop
The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) is hosting a voluntary fiduciary correction program (VFCP) advanced workshop.
fiduciary fitness
Untangling the Wires
Understanding the rules for electronic disclosure of fee information
408(b)(2) Poses Concerns For B/Ds, Small-Plan Advisers
Some industry experts are concerned that covered service providers will misinterpret the Department of Labor’s (DoL) 408(b)(2) regulation guidance about using ranges to estimate indirect compensation.
Tribune Workers Have Retirement Savings Restored
The Tribune Co., GreatBanc Trust Co. and various insurance carriers completed funding a global settlement of $32 million for the Tribune Employee Stock Ownership Plan’s participants.
Defunct Company Ordered to Restore Retirement Plan Assets
The U.S. Department of Labor (DoL) obtained a summary judgment ordering Compass Capital Partners Ltd. and owner Harris M. DeWese to restore $661,206 to the defunct West Chester,...
Appellate Court Reopens Case Against State Street by GM Participants
The 6th U.S. Circuit Court of Appeals revived a stock drop lawsuit brought by General Motors retirement plan participants against State Street.