Tag: EBSA

The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) will sponsor “Getting It Right – Know Your Fiduciary Responsibilities” Webcasts this week.

Stating that previous media reports on its position were unclear, the American Society of Pension Professionals & Actuaries (ASPPA) insists it and its affiliated organizations “strongly support” redefining...

The U.S. Department of Labor (DoL) sued a now-defunct company alleging it walked away from its 401(k) plan without distributing $1.3 million in assets to participants.

The Dodd-Frank Act, target-date funds, and the evolving role of a fiduciary were some of the topics Frederick Reish and Robert Kaplan touched on at the ASPPA 401(k)...

Those wishing to comment on a pending regulatory proposal to revamp the definition of a fiduciary under the Employee Retirement Income Security Act (ERISA) now have more time...

Last week the Government Accountability Office (GAO) issued two reports focused on 401(k) plans. 

The American Society of Pension Professionals and Actuaries (ASPPA) presented a statement this week at a Department of Labor-sponsored hearing regarding proposed changes to the definition of “fiduciary.”

Paul Stevens, president of the Investment Company Institute (ICI), presented his organization’s statement to the Department of Labor (DoL).  

The Securities Industry and Financial Markets Association (SIFMA) had its turn Tuesday at the Department of Labor’s (DoL) hearing to address the proposed changes to the definition of...

J.P. Morgan believes that the proposed regulations to redefine the definition of fiduciary should eliminate unnecessary and subjective standards.

Larry H. Goldbrum, General Counsel of The SPARK Institute, said any changes to the definition of fiduciary should not be overly dramatic changes in policy.

Federal regulators heard from the president of Great-West Retirement Services who said efforts to rework the definition of a fiduciary could "set the retirement industry back 25 years."

The American Benefits Council (ABC) spoke at the Department of Labor’s (DoL) hearing today about its proposed redefinition of fiduciary.

Federal regulators issued a series of advisory opinions from correspondents asking for interpretations of the Employee Retirement Income Security Act (ERISA).

As Valentine’s Day looms, you have perhaps seen those increasingly ubiquitous advertisements for a certain online florist. 

The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) delayed the implementation of its new 408(b)(2) fee disclosure rules by six months.

Recordkeeper BPAS has partnered with Fiduciary Benchmarks to provide 408(b)(2) summary disclosure documents and independent third-party benchmarking to all BPAS clients.

The ERISA Industry Committee (ERIC) warned the Department of Labor (DoL) about the unintended consequences that can result from broadening the definition of fiduciary.

The SPARK Institute is urging Employee Benefit Security Administration (EBSA) to take a more restrained approach in changing the definition of advice and fiduciary so that the industry can...

Litigation—or more accurately, the fear of litigation—frequently serves to put us on notice.