ERISA Advisory Council Calls for Retirement Commission
The Advisory Council on Employee Welfare and Pension Benefit Plans has called for the creation of a presidential commission to define a new national retirement policy and develop...
Tag: EBSA
EBSA Enforcement Data Posted to the Web
The Employee Benefits Security Administration (EBSA) is one of a number of Department of Labor (DoL) agencies participating in a new Web site aimed at making a variety...
IMHO: “Out” Spoken
About two months ago, the Department of Labor asked the public for some insights on retirement income via a request for information, or RFI.
DoL Expands on EFAST2 Info
The U.S. Department of Labor (DoL) has updated its frequently-asked-questions site dealing with EFAST2, the DoL electronic filing system for Form 5500 and related documents.
Retirement Plan Advisers Should Expect Broader Definition of Fiduciary Status
Regulators might be cracking down on prohibited advice arrangements in retirement plans and broadening the scope of fiduciary status, suggested Jason C. Roberts, partner and co-chair of the...
DoL Proposes Revamped Investment Advice Rule
The White House today proposed a new rule to implement the exemption for investment advice in the Pension Protection Act (PPA).
EBSA Recovered More Than $1B in 2009
The U. S. Department of Labor’s Employee Benefits Security Administration (EBSA) reported recovering $1.36 billion in 2009 for employee benefits plans governed by the Employee Retirement Income Security...
regulatory radar
Putting out Fires with Gasoline
The DoL pulls controversial participant investment advice rules—what’s next?
EBSA Offers Form 5500 Guidance for 403(b) Plans
The U. S. Department of Labor’s Employee Benefits Security Administration (EBSA) has issued guidance for 403(b) plans subject to new Form 5500 reporting requirements.
IMHO: Safety "Knot?"
Two weeks ago, the Department of Labor and the U.S. Treasury turned to the retirement plan community for some input.
DoL Calls for Public Comment about Annuities
As expected, the Obama Administration has issued a request for information (RFI) to gather public comment about whether and how the government should promote lifetime income products in...
DoL Releases Form 5500 Info on Benefit Plans
The U.S. Department of Labor's Employee Benefits Security Administration has released to the public online datasets of Form 5500 annual report/returns for approximately 800,000 retirement, health, and other...
White House Unveils Retirement Initiatives
The Obama Administration on Monday released retirement initiatives, including establishing automatic individual retirement accounts (IRAs), simplifying and expanding the Saver's Credit, and updating 401(k) regulations to increase transparency.
Bankruptcy Doesn’t Relieve Plan of ERISA Mandates
A Department of Labor (DoL) administrative law judge has rejected the appeal by a 401(k) plan administrator of an $86,500 civil penalty, ruling that bankruptcy did not relieve...
EBSA to Host Webcast about Form 5500
The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) will host a free Webcast about Form 5500 and electronic filing requirements on January 21 at 1 p.m.
EBSA Sues Illinois Transportation Firm over Plan Payments
The U.S. Department of Labor (DoL) has filed suit against the owners of a bankrupt Chicago-area company for diverting their employees’ health care premium payments and 401(k) contributions...
EFAST2 Ready for Online Form 5500 Filings
Plan sponsors can now take full advantage of a new federal government system for online filing of the required annual report to the Employee Benefits Security Administration (EBSA)...
Vick Advisers Barred from ERISA Plans
Michael Vick’s former financial advisers won’t be working with ERISA plans anymore.
EBSA Fiduciary Seminar Comes to Pasadena
Next month employers and plan fiduciaries in the Los Angeles, California area will get a chance to better understand their fiduciary responsibilities.