DOL Issues
The Department of Labor announced Oct. 29 that it has published employee benefit plan compliance guidance and relief for victims of recent Hurricanes Florence and Michael.
The relief includes easing of enforcement concerning the rules governing plan loans and distributions, as well as relief...
READ MORE
To comply with ERISA Section 404(c), a plan needs to meet some general requirements; one is that plan participants must be allowed to receive information sufficient for them to make informed decisions.
So says Wells Fargo in “Section 404(c) Compliance: Added Protection Makes it Worth the Effort...
READ MORE
At first blush, many in the industry assumed that the Department of Labor’s proposed rules expanding access to multiple employer retirement plans would include allowing for open MEPs by unrelated employers. The idea hasn’t gone away, but it’s not included in the current DOL proposal.
Issued in...
READ MORE
The Department of Labor has released proposed rules that would expand access to multiple employer retirement plans for small employers and self-employed workers, while also maintaining fiduciary oversight.
Modeled after the Association Health Plans (AHPs) concept, the proposed rules issued Oct. 22...
READ MORE
In order to be in compliance with ERISA Section 404(c), a plan needs to meet two general requirements that involve investment options and participant involvement.
This tip is based on “Section 404(c) Compliance: Added Protection Makes it Worth the Effort,” a Wells Fargo article.
Investment...
READ MORE
The federal government’s updated unified regulatory agenda has shed light on the status of the Securities and Exchange Commission’s and Department of Labor’s efforts on investment advice and the now-vacated fiduciary rule.
The SEC’s updated regulatory agenda confirms that the agency has set a...
READ MORE
The American Retirement Association filed a comment letter Oct. 19 with the New Jersey Bureau of Securities concerning the fiduciary conduct standards the state government is considering. Gov. Phil Murphy (D) to announced plans in September to issue a rule strengthening the standard for investment...
READ MORE
Upcoming NTSA webcasts will look at plan audits, regulations and proposals from a variety of perspectives.
IRS Audits
Taxes are one of the things that are said to be inevitable. And for some, that may entail the dreaded… plan audit. But the target need not be caught unawares; and not only that,...
READ MORE
If an employer offers a 403(b) Non-ERISA plan, does the employer have a legal and fiduciary responsibility to address investment fees, investment performance and other such matters? Tech Talk offers an answer.
READ MORE
This installment of ERISA Tips discusses liability for fiduciary breaches and a blog entry that addresses the consequences of that liability and how it may arise.
Under ERISA, fiduciaries that have been found to have breached their fiduciary duties are personally liable for them, reminds Jose Jara...
READ MORE
If you are working with ERISA plans, you will need to respond to questions from your employer clients about meeting the mandatory bonding requirements which must cover any employee handling assets of the plan, Elllie Lowder writes. In “What Plan Sponsors Need to Know About Bonding Requirements for...
READ MORE
Editor’s Note: ERISA Tips is a feature provided with you in mind — to make the newsletter more useful to you! If you have any content for ERISA Tips or the 403(b) Advisor that you would like to contribute or suggest, please contact John Iekel, editor of the 403(b) Advisor, at jiekel@usaretirement....
READ MORE
Editor’s Note: ERISA Tips is a feature provided with you in mind — to make the newsletter more useful to you! If you have any content for ERISA Tips or the 403(b) Advisor that you would like to contribute or suggest, please contact John Iekel, editor of the 403(b) Advisor, at jiekel@usaretirement....
READ MORE
Editor’s Note: ERISA Tips is a feature provided with you in mind — to make the newsletter more useful to you! If you have any content for ERISA Tips or the 403(b) Advisor that you would like to contribute or suggest, please contact John Iekel, editor of the 403(b) Advisor, at jiekel@usaretirement....
READ MORE
Editor’s Note: ERISA Tips is a feature provided with you in mind — to make the newsletter more useful to you! If you have any content for ERISA Tips or the 403(b) Advisor that you would like to contribute or suggest, please contact John Iekel, editor of the 403(b) Advisor, at jiekel@usaretirement....
READ MORE
What happens in Washington and in the states affects not only retirement plans collectively, but also the plans central to the work of the NTSA and its members and those whom they serve. In the NTSA Summer 2018 Advocacy Update, broadcast on July 11, American Retirement Association Government...
READ MORE
Editor’s Note: ERISA Tips is a feature provided with you in mind — to make the newsletter more useful to you! If you have any content for ERISA Tips or the 403(b) Advisor that you would like to contribute or suggest, please contact John Iekel, editor of the 403(b) Advisor, at jiekel@usaretirement....
READ MORE
Editor’s Note: ERISA Tips is a feature provided with you in mind — to make the newsletter more useful to you! If you have any content for ERISA Tips or the 403(b) Advisor that you would like to contribute or suggest, please contact John Iekel, editor of the 403(b) Advisor, at jiekel@usaretirement....
READ MORE
Editor’s Note: ERISA Tips is a feature provided with you in mind — to make the newsletter more useful to you! If you have any content for ERISA Tips or the 403(b) Advisor that you would like to contribute or suggest, please contact John Iekel, editor of the 403(b) Advisor, at jiekel@usaretirement....
READ MORE
Suppose your pre-approved 403(b) plan does not exclude residents of Puerto Rico, but your PPA defined contribution plan does. What do you do? In Tech Talk, Susan Diehl discusses what can be done in such a situation.
READ MORE
Pages
Most Popular
