DOL’s Khawar, Among Architects of New Retirement Fiduciary Rule, To Step Down
The career EBSA official who had been appointed by Biden to principal deputy assistant secretary will be leaving January 20.
Tag: EBSA
Video: Lisa Gomez Discusses Her Exit Strategy
The EBSA head discusses the importance of the DOL continuing to do outreach on retirement savings to participants on the...
DOL Initiates Data Collection to Reunite Workers With Lost Retirement Savings
The Retirement Savings Lost and Found database is expected to go live in December.
DOL Publishes 1st List of Firms Using Qualified Plan Exemptions
The list includes nearly 900 companies as part of the DOL’s finalized amendment to PTE 84-14.
Senate Committee Passes Bill That Would Boost EBSA Funding
The bill differs from a recent House Appropriations Committee proposed budget that would cut funding for the Employee Benefits Security...
House Republican Appropriations Proposal Would Cut EBSA and Block Fiduciary Rule
The budget bill is unlikely to pass in its current form.
DOL’s IB 95-1 Report Calls for Further Review of DB Pension De-Risking
The report from the DOL’s EBSA summarized the concerns of some stakeholders, but makes no recommendations of its own.
SECURE 2.0 Lost and Found Proposal Faces Industry Headwinds
ERIC and SPARK argue that the DOL’s data request goes beyond the intent of the statute and may create participant...
ESOP Appraisal Proposal Expected in Coming Months
EBSA has not, however, set a hard deadline for the much-anticipated proposal.
QDIAs To Receive ERISA Advisory Council Review
The council will study issues related to qualified default investment alternatives and report their findings to EBSA.
IRA to IRA Rollovers Pose Legal Vulnerability for Retirement Security Rule
Legal experts with varying perspectives on the rule agree that DOL likely does not have jurisdiction over IRA to IRA...
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.
What the Fiduciary Rule Means for Investment Menu Advisement
Advisers may have to revisit their menu designs for small businesses, but compliance with this part of the rule is...
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...
GAO Recommends DOL Update TDF Guidance
GAO reports concerns about a lack of understanding of TDF glidepaths and the growth of CIT TDFs.
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.
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.
Su Defends DOL Budget Request at House Hearing
The pending retirement security proposal was not a focus, and only one Congressman asked about it.
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.