SPARK Supports Extensions for 408(b)(2)
In a letter to the Department of Labor (DoL), the SPARK Institute expressed its support for the proposed extension of the applicability dates for fiduciary-level and participant-level 408(b)(2)...
Tag: Fee disclosure
Nonprofit Weighs in on Electronic Disclosure Debate
The Pension Rights Center, a nonprofit consumer rights organization, believes that current safe harbor rules balance the interests of participants and beneficiaries, and the interests of efficient plan...
ASPPA Sees “Overwhelming” Response for Electronic Disclosure
As the last day of submitting comments to the Department of Labor (DoL) drew to a close, the American Society of Pension Professionals & Actuaries (ASPPA) urged the...
SPARK Promotes Use of Electronic Disclosure
The SPARK Institute urged the Department of Labor (DoL) to issue new rules that permit widespread use of electronic media for required disclosures to retirement plan sponsors and...
EBSA Set to Make Fee Disclosure Deadline Extension Official
The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) will publish in tomorrow’s Federal Register a notice proposing to extend and align the applicability dates for its...
Borzi Provides an Update of Proposed Regulations
There are still changes to be made to 408(b)(2), said Assistant Secretary of Labor Phyllis Borzi, speaking last week.
John Hancock Excessive Fee Suit Dismissed
The U.S. District Court for the District of New Jersey has dismissed a suit alleging John Hancock charged 401(k) plans excessive fees for investment services.
IMHO: Out of Proportion
Without question the retirement plan industry has prospered from the long-standing practice of relying heavily – and in some situations, completely - on asset-based fees. ...
IMHO: “Smoke” Signals
Plan sponsors spend a lot of time wondering—and worrying—about the “right” way to do things.
M Financial Links with Fiduciary Benchmarks and BlackRock
Fiduciary Benchmarks will provide benchmarking services to M Financial Group's 130 Member Firms and their 800 producers.
Brightscope Hones in on 403(b)s
Plan ratings provider BrightScope has widened its focus, and now has incorporated 403(b) plan data into the BrightScope Rating system.
DoL Asked to Add to Participant Disclosure Rules
The Government Accountability Office (GAO) suggested that retirement plan sponsors and participants should be made more aware of the risk that some investments may have distribution restrictions.
From Capital City to Sin City
At the ASPPA 401(k) Summit in Las Vegas this week, Brian Graff, CEO of ASPPA, and Greg Dean, General Counsel for the Senate Committee on Health, Education, Labor...
Reish and Kaplan Offer Legal Advice for Advisers
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)...
Court Gives Final Approval to 401(k) Fee Case
A U.S. District Court judge has granted final approval of an $18.5-million settlement in an excessive 401(k) fee suit.
Trends and Implications of Upcoming Regulations
Speaking on a Webcast sponsored by Principal Financial Group, James Delaplane, a partner at Davis & Harman LLP, examined the three major regulations coming out of Washington this year,...
IMHO: Service Charges
As Valentine’s Day looms, you have perhaps seen those increasingly ubiquitous advertisements for a certain online florist.
EBSA Regulatory Agenda Focuses on Fees
In a live Web chat discussing the Department of Labor’s Employee Benefits Security Administration’s (EBSA) Semiannual Regulatory Agenda, Assistant Secretary of Labor Phyllis C. Borzi said the Agency will...