The American Retirement Association has confirmed that the Department of Labor (DOL) will release the fiduciary rule, officially called the Retirement Security Rule, on Tuesday.
Acting... Read More
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Regulatory Agencies
BY John Sullivan and Ted Godbout | 4/19/2024
The Department of Labor’s (DOL) guidance to permit bankruptcy trustees to use its Abandoned Plans Program has moved off of the OMB dashboard and is back with the department,... Read More
BY Ted Godbout | 4/18/2024
Even though the Securities and Exchange Commission has agreed to pause implementation of its recently finalized climate disclosure rule amid the various legal challenges, members of Congress are... Read More
BY John Iekel | 4/17/2024
The IRS on April 16 issued guidance on certain specified required minimum distributions (RMDs) for 2024. It adds that the final regulations it plans to issue related to RMDs will apply for purposes... Read More
BY Ted Godbout | 4/15/2024
The Department of Labor (DOL) has released a proposed information collection request (ICR) to help implement a forthcoming lost-and-found database to assist individuals with locating missing... Read More
BY John Sullivan | 4/11/2024
The White House's Office of Management and Budget (OMB) has completed its review of the Retirement Security Rule, and it is expected to be released by the Department of Labor (DOL) by the end of the... Read More
BY Ted Godbout | 4/2/2024
The Department of Labor’s Employee Benefits Security Administration (EBSA) has released a final amendment to Prohibited Transaction Class Exemption 84-14—also known as the Qualified Professional... Read More
BY John Sullivan | 4/2/2024
The American Retirement Association (ARA) and sustainable markets advocacy organization Ceres filed an amicus brief last week in the 5th U.S. Circuit Court of Appeals. It supported the U.S.... Read More
BY Kelsey Mayo | 4/1/2024
The American Retirement Association (ARA) submitted a comment letter to the Department of Labor (DOL) on March 31, 2024, related to the proposed regulation to implement a prohibited transaction... Read More
BY Ted Godbout | 3/18/2024
Following through on its warning, the Securities and Exchange Commission on March 18 announced that two investment advisers have settled charges with the commission for making “false and misleading... Read More
BY NAPA Net Staff | 2/29/2024
The Securities and Exchange Commission has announced a new Investment Management Division Director to replace William Birdthistle, who will be departing the agency March 8.
Upon Birdthistle’s... Read More
BY Ted Godbout | 2/29/2024
Final changes to the Department of Labor’s popular Voluntary Fiduciary Correction Program (VFCP) are apparently on the horizon, according to recent comments made by a senior agency official.... Read More
BY Ted Godbout | 2/20/2024
Congress’ watchdog agency apparently thinks so. That was one of the recommendations in a newly released report by the Government Accountability Office (GAO).
A “pension dashboard” could be useful... Read More
BY Ted Godbout | 1/29/2024
The American Retirement Association (ARA) is calling on the IRS to revise several provisions contained in the proposed long-term, part-time employee (LTPTE) rules for 401(k) plans.
Chief among the... Read More
BY John Sullivan | 1/18/2024
The Department of Labor (DOL) announced Thursday that its Employee Benefits Security Administration (EBSA) released a proposed regulation on automatic portability transactions ... Read More
BY Ted Godbout | 1/12/2024
After first denying that it had approved spot bitcoin exchange-traded products (ETP) following the hacking of the agency’s X/Twitter account, the Securities and Exchange Commission (SEC) announced... Read More
BY Ted Godbout | 1/9/2024
Despite numerous calls from Republican lawmakers not to resubmit Julie Su’s nomination to be Secretary of Labor, President Biden has done just that.
The White House on Jan. 8 announced that it was... Read More
BY John Sullivan | 1/9/2024
The Department of Labor (DOL) announced a final rule on Tuesday that it says will help employers and workers better understand when a worker qualifies as an employee and when they may be... Read More
BY Ted Godbout | 12/21/2023
If ever there was a Groundhog Day movie moment, this might be it, as battles over implementing a new fiduciary advice rule and confirming a labor secretary continued this week.
The latest... Read More
BY John Iekel | 12/18/2023
The Office of the Inspector General (OIG) is concerned about the ability of the Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) to exercise oversight and protect the... Read More
BY John Iekel | 12/14/2023
Electronic filing of the Form 5558, Application for Extension of Time to File Certain Employee Plan Returns, for form year 2023 may not be available starting Jan. 1, 2024 after all.
It... Read More
BY Ted Godbout | 12/12/2023
Final regulations updating the existing procedures concerning administrative exemptions from the prohibited transaction provisions of ERISA, the Internal Revenue Code and the Federal Employees’... Read More
BY Ted Godbout | 12/8/2023
Despite widespread industry and congressional opposition, the Securities and Exchange Commission (SEC) apparently has not given up on pursuing its proposal to require open-end funds to use “swing... Read More
BY Ted Godbout | 12/8/2023
Proposed guidance implementing the SECURE 2.0 Act’s provision providing an exemption for certain automatic portability transactions has moved one step closer to being publicly released.
The... Read More
BY Ted Godbout | 11/30/2023
The ranking Republican member of the Senate Health, Education, Labor and Pensions (HELP) Committee has taken aim at the Department of Labor’s (DOL) proposed changes to the Qualified Professional... Read More
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