Jun 20, 2017 | Legislative, Retirement Plans
On June 9, 2017, the Department of Labor’s Fiduciary Rule went into effect. The rule, also known as the Conflict of Interest Rule, expands the fiduciary definition under the Employee Retirement Income Security Act of 1974 (ERISA). In the simplest terms, the DOL...
Feb 6, 2017 | Legislative, Retirement Plans
The future of the Department of Labor’s Fiduciary Rule is in limbo following a memorandum released last Friday by President Trump. While a draft memo released earlier in the day delayed the implementation date by 180 days, the final memo did not contain such...
Nov 3, 2016 | Benefits, Legislative, Retirement Plans
On October 27, 2016, the Internal Revenue Service announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2017. Highlights of Limitations That Remain Unchanged From 2016: The contribution...
Jun 27, 2016 | Economics, Investing, Legislative, Markets
Last week’s vote by the British electorate to end its 43-year membership in the European Union seems to have taken just about everybody by surprise, but the aftermath could not have been more predictable. The uncertainty of how, exactly, Europe and Britain will...
May 21, 2015 | Benefits, Legislative, Retirement Plans
In a unanimous decision, the Supreme Court has ruled in favor of plan participants in the Edison International 401(k) plan who claimed company fiduciaries violated their duty to monitor three retail-class mutual funds. Background and the Decision The original suit...
May 7, 2015 | Legislative, Retirement Plans
The Internal Revenue Service (IRS) issued a reminder to plan sponsors that “even if you use a third party administrator (TPA) to handle participant transactions, you’re still ultimately responsible for the proper administration of your retirement plan.” In particular,...
