Transamerica Hosts Retirement Legislation Webinar
Next month, Transamerica Retirement Plan Services will host a legislative outlook webinar for third-party administrators (TPAs) and advisers.
Tag: Rules & Regs
New DOL Guidance Provides Relief, But Concerns Remain
The Department of Labor’s (DOL’s) Employee Benefits Security Administration (EBSA) issued Field Assistance Bulletin (FAB) No. 2012-02R, which supersedes Field Assistance Bulletin No. 2012-02. On May 7, the...
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Forging Ahead
How advisers can take advantage of the shifting retirement plan landscape
California Pension Fiduciary Gets Jail Term for Ponzi Scheme
Thomas Brown Hammond was sentenced Wednesday to four years and nine months in prison for retirement fund theft.
PSNC 2012: How Not to Get Sued
When discussing how plan sponsors can protect against litigation, the main message from panelists at the 2012 PLANSPONSOR National Conference concerned documentation.
Sigma Planning Teams with InterServ for ERISA Services
Sigma Planning Corp. (SPC) announced a strategic alliance Tuesday in which InterServ LLC will provide Employee Retirement Income Security Act (ERISA) investment advisory services.
SEC’s Oversight of FINRA Could Be Better, GAO Says
The Government Accountability Office (GAO) pointed out that oversight of the Financial Industry Regulatory Authority (FINRA) by the Securities and Exchange Commission (SEC) has been mixed.
EBSA Schedules More Fiduciary Workshops
The Department of Labor’s Employee Benefits Security Administration (EBSA) has announced more workshops for retirement plan fiduciaries.
Clarity Needed for IRS Partial Annuity Rules
The American Benefits Council welcomes proposed regulations to Internal Revenue Code Section 417(e), on the treatment of benefits paid partially as an annuity and partially in another form...
ASPPA Asks for Roth Conversion Guidance
The American Society of Pension Professionals & Actuaries (ASPPA) has asked for additional guidance concerning Roth 401(k) accounts.
ASPPA Counters Analysis of Retirement Plan Fees
The American Society of Pension Professionals & Actuaries (ASPPA) is challenging the assumptions behind a report about retirement plan fees.
Chesapeake Energy Facing ERISA Investigation
A Los Angeles law firm has begun an investigation into the Chesapeake Energy Corporation Savings and Incentive Stock Bonus Plan.
Morningstar Expands Databases to Help with Fee Disclosure
Morningstar expanded and standardized its managed product databases to help retirement plan advisers and sponsors comply with new participant fee disclosure requirements.
SPARK Helps with Multivendor 403(b) Disclosures
The SPARK Institute created an Investment Provider Information Form for Multivendor 403(b) Plan Participant Disclosure.
DOL Frees Assets for 401(k) Plan
The Department of Labor appointed an independent fiduciary to manage the 401(k) plan of a now-defunct New Jersey company in the wake of a lawsuit.
Concerns Linger About DOL Fee Disclosure Guidance
Some advisers say certain issues did not make the FAQs about fee disclosure in the Department of Labor’s recently issued field assistance bulletin.
Increased Education May Help Reduce Retirement Plan Fees
A Government Accountability Office (GAO) review of retirement plan documents showed some sponsors face challenges in understanding the fees they and their participants are charged.
Nationwide Releases 408(b)(2) Solutions Kit for Advisers
Nationwide Financial unveiled a 408(b)(2) Solutions Kit to help clients adapt to the Department of Labor (DOL) fee disclosure regulations, which take effect July 1.
Target-Date Fund Investors Need Better Graphics and Data
Several Morningstar divisions sent a letter to the Securities and Exchange Commission (SEC) urging the regulator to require target-date series to provide more details on the investments.