DOL Issues
President Obama has thrown his support behind the Department of Labor’s (DOL) controversial fiduciary rule reproposal — but the details of the proposal remain elusive.The president touted the reproposed rule at a Feb 23 speech at the offices of AARP in Washington, where he was joined by Sen....
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Folks involved with the State of the Union address have indicated that President Obama will speak to the “retirement advice loophole” and the proposal to ensure that all Americans receive investment advice that is in their best interest. This is the administration signal that they are moving...
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With President Obama poised to deliver his State of the Union address on Jan. 20, a powerful coalition of retirement, union and so-called consumer protection groups have launched a new attack on retirement plan advisors. The coalition’s website, Saveourretirement.com, intends to create grassroots...
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When President Obama named Loretta Lynch as his nominee to replace U.S. Attorney General Eric Holder, speculation about Secretary of Labor Tom Perez being tapped for the role was put to rest, while speculation about the impact on the DOL’s agenda was reinvigorated. Since early October, Perez had...
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The DOL has issued numerous fee disclosure rules, including regs under ERISA Section 408(b)(2), to help fiduciaries determine what a “reasonable” fee is. In this week’s MarketBeat. Kimberley Flett and Jeannine Souders discuss what those regulations require of service providers.
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The Department of Labor recently issued Field Assistance Bulletin 2014-01 to help plan fiduciaries find missing participants and beneficiaries in terminated defined contribution plans. In this week’s MarketBeat, Linda Segal Blinn, J.D. discusses DOL Field Assistance Bulletin 2014-01, which applies...
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Is the Form 5500 worth filling out and filing in the first place? Not everyone is convinced, reports Benefitspro. But file they must, and the Government Accountability Office (GAO) has come to the rescue, offering suggestions in its recent report, “Private Pensions:Targeted Revisions Could Improve...
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Defined benefit plans, DC plans and 403(b) annuity arrangements, take note: July 31 is right around the corner. That’s the day by which most plans must file the dreaded and onerous Form 5500. The clock is ticking on filing the form that reports on 2013. The form must be filed by the end of the...
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The federal government, a purveyor of regulations and legislation, has set before the 403(b) community a veritable blue plate special — and one with a long shelf life to boot. NTSA President Susan Diehl of PenServ Services, Inc., outlined what’s on that plate at NTSA’s 403(b) Summit in Washington,...
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This article originally appeared in the Fall 2013 issue of 403(b) Advisor Magazine. To view a PDF version of this article, please click HERE. Gathering in the energy-filled Chicago Loop in June, 403(b) professionals from around the country networked, learned about timely industry initiatives and...
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