SPARK Institute Supports Broader Safe Harbor for Annuity Selection
As responses to a request for public comment on use of lifetime income solutions in retirement plans continue to be submitted, a trade group has weighed in with...
Tag: Department of Labor (DOL)
ERISA Advisory Council to Review Audit Rules and Financial Reporting Model
The 2010 ERISA Advisory Council will study whether the audit requirement and financial reporting model contained in the Employee Retirement Income Security Act (ERISA) §§ 103 and 104...
GOP Weighs In on Administration’s Retirement Proposals, Annuity RFI
The House GOP Savings Recovery Solutions Group wrote to Labor Secretary Hilda Solis and Treasury Secretary Timothy Geithner to oppose proposals that would affect private-sector defined contribution retirement...
ERIC Pushes for Annuity Safe Harbor
The ERISA Industry Committee (ERIC) urged the U.S. Department of Labor (DoL) against requiring sponsors to feature annuities as distribution options and toward providing a genuine safe harbor...
TIAA-CREF Supports Guaranteed Income Options in Retirement Plans
In comments to the Department of Labor (DoL), TIAA-CREF announced its support for giving workers access to annuities in retirement plans.
fiduciary fitness
Protecting Yourself
How to deal with the DoL’s campaign against cross-selling (continued)
DoL Plans to Amend Target-Date QDIA Rules
The U.S. Department of Labor (DoL) has announced plans to change a 2007 mandate requiring that employers give participants more target-date fund information.
Investors Want More Retirement Reform
Half (52%) of affluent Americans believe that more could be done to assist individuals in their retirement saving efforts, according to a recent survey.
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...
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...
ASPPA Asks for Relief for Plans Falling out of ERISA Safe Harbor
The American Society for Pension Professionals and Actuaries (ASPPA) has requested transitional relief for 501(c)(3) organizations offering 403(b) plans that have found themselves inadvertently subject to Title I...
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...
Retirement Industry Should Get Ready for Fee Disclosure
The U.S. Department of Labor hopes to have its revisions to the service provider fee disclosure regulations out by May, according to an official from the Employee Benefits...
DoL Recovers More than $12M for Calif. Company ESOP Participants
The U.S. Department of Labor has obtained consent judgments providing for restitution of more than $12 million by plan officials and service providers involved with the employee stock...
beyond (k)
403(b) aware
New 403(b) rules may offer opportunities for advisers to have a "client touch"
law & order
Choose Your Designated Hitter
Final QDIA regulations likely to bring changes for many plans
cover story
The Path Ahead
Plan sponsors want more fee disclosure, and regulators will likely require it soon. That is both a threat and an opportunity for advisers.
DoL Sues ESOP Trustee over Stock Purchase
The U.S. Department of Labor has sued a trustee of the Westra Construction Inc. Employee Stock Ownership Plan (ESOP) for alleged violations of the Employee Retirement Income Security...