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...
Jun 3, 2016 | Benefits, Retirement Plans
Maintaining an employer-sponsored retirement plan can be an onerous task. With Basic Plan Documents, interim amendments, required restatements, Summary Plan Descriptions, enrollment and beneficiary forms, and federal forms it’s easy to see just how much paper a...
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,...
Apr 16, 2015 | Legislative, Retirement Plans
The Department of Labor (DOL) finally proposed a highly anticipated rule that would require any advisor working with retirement plans to act in the best interest of clients. Under the rule change, all retirement advisors – brokers, registered representatives,...
