Maintaining Successful Committee Requires Continuous Education, Right People
A retirement plan committee should include a diverse range of individuals, as well as frequent fiduciary training and education, experts...
Tag: ERISA
How to Teach Fiduciary Responsibility to Plan Committees
Where to find education and training, how often to meet and how to confirm members are prepared to serve participants...
Auto-Portability Proposal Is In
The proposal would implement a SECURE 2.0 provision intended to make it easier to transfer money between DC plans to...
Fiduciary Proposal May Be Extremely Expensive to Implement, Oxford Survey Finds
The biggest costs would come from disclosure requirements related to rollover decisions, according to a survey commissioned by a financial...
House Members Join Calls to Withdraw DOL Fiduciary Proposal
A letter, signed by representatives from both sides of the political aisle, argues the proposed DOL rule changes are unnecessary...
Fiduciary Proposal Comment Period Closes, Receives Both Praise and Criticism
Morningstar argued that the DOL proposal would lower fees for smaller plans, while ACLI argued it would reduce access to...
ASA Calls Fiduciary Proposal Unlawful, Anticipates Litigation
Group questions authority of Acting Labor Secretary Julie Su to approve any final rulemaking.
DOL Proposes to Rescind 2018 Association Health Plan Rule
The original rule, had it not been vacated by a federal court, would have significantly relaxed the parameters for creating...
Clorox Files for Dismissal of Complaint Over 401(k) Forfeitures
The company's motion defends the plan's actions, stating that the committee followed IRS guidance and outlined its use of forfeitures...
2024 ERISA Plan Compliance Calendar
A schedule to help plan sponsors track important due dates for their plans.
Plan Sponsors Get Clarity and Some New Questions in IRS Part-Time Eligibility Rules
The post-Thanksgiving rule proposal will require a close look and potential plan design changes in the coming weeks for employers...
Fear of Litigation Causes Plan Sponsors to Pare Down Investment Menu
Reacting to cases citing the ‘inappropriateness’ of certain investments, many large plan sponsors have eliminated volatile asset classes from their...
IRS Proposes Part-Time Eligibility Rules per SECURE Legislation
Plan sponsors now have IRS guidance on what part-time workers are eligible for plans, though a comment period and finalization...
Senators Look to Increase Young Worker Participation With New Bill
The legislation would prevent plan sponsors from setting a minimum age of 21 for workers to participate in retirement plans.
DOL Would Oversee Annuity Sales, Rollovers Under New Proposal
The rule is open for public comment, with legal challenges expected almost immediately.
Rollovers, Investment Menu, Annuity Advice Standards to Be Overhauled in DOL Proposal
The DOL proposal would, under ERISA, assert jurisdiction over annuity sales and IRA rollovers.
26 State AGs Will Appeal ESG Rule Lawsuit Dismissal
After their initial challenge to the DOL’s ESG rule was dismissed, the states are appealing to the 5th Circuit Court...
2 ERISA Mandatory Arbitration Case Appeals Will Not Go Before Supreme Court
The cases focused on ESOP valuation, and both rulings held that that mandatory arbitration and class action relief are not...
Complaints Allege Improper Use of 401(k) Plan Forfeitures
Plan fiduciaries were accused of fiduciary breaches for using plan forfeitures to offset future employer contributions, but ERISA experts would...
Citi Gets DOL Approval for Diverse Manager Plan Fee Payments
The bank’s attorneys tout a positive response from the DOL on the program designed to promote diverse asset managers in...