DOL Proposes Updated Definition of Investment Advice Fiduciary
The Department of Labor (DOL) has issued a proposal to update the definition of an investment advice fiduciary under the Employee Retirement Income Security Act (ERISA). The updated definition of an investment advice fiduciary would apply when a financial service provider gives investment advice for a fee to retirement plan participants, IRA owners and others.
November 01, 2023
Fiduciary Duty and Investments in DC Plans | Three Tips for Plan Sponsors
Plan fiduciaries are charged with acting in the best interests of plan participants. What does that mean in practice, especially when it comes to selecting investments for defined contribution plans?
November 22, 2021
DOL Issues FAQs on Lifetime Income Illustrations
DOL Issues FAQs on Lifetime Income Illustrations August 2, 2021 The Department of Labor’s Employee Benefits Security Administration (EBSA) has issued temporary implementing FAQs on the requirement to add...
August 02, 2021
DOL Issues First Ever Cybersecurity Guidance
DOL Issues First Ever Cybersecurity Guidance April 16, 2021 The DOL’s Employee Benefits Security Administration (EBSA) has issued its first ever cybersecurity guidance to help plan sponsors, fiduciaries, and...
April 16, 2021
DOL Issues FAQs for Firms, Guidance for Investors on Fiduciary Exemption
DOL Issues FAQs for Firms, Guidance for Investors on Fiduciary Exemption DOL Anticipates Amending Fiduciary Exemption, Other Exemptions, and ERISA Investment Advice Fiduciary Regulation April 16, 2021 Less than...
April 16, 2021
DOL Issues Guidance to Reduce Number of Missing Plan Participants
DOL Issues Guidance to Reduce Number of Missing Plan Participants January 25, 2021 Calling attention to the fact that many retirement plan participants inadvertently fail to apply for their...
January 25, 2021
DOL Fiduciary Exemption Confirms Rollover Advice is Investment Advice,Adds Rollover Disclosure Requirement and Self-Correction Provision Post-Inauguration Effective Date Raises Questions About Its Future December 21, 2020 The DOL has...
December 21, 2020
Regulators Release Advance Copies of Form 5500 Annual Report
Regulators Release Advance Copies of Form 5500 Annual Report December 21, 2020 The DOL and other regulators have released advance copies of the 2020 Form 5500 annual report that...
December 21, 2020
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