Appearing at the Employee Benefit Research Institute’s 2023 Spring Policy Forum on May 11, Lisa Gomez, Assistant Secretary for the Employee Benefits Security Administration (EBSA), told attendees... Read More
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Regulatory Agencies
BY John Iekel | 4/25/2023
The Department of Labor’s Employee Benefits Security Administration (EBSA) on April 25 issued frequently asked questions (FAQs) on the annual funding notice requirements for multiemployer pension... Read More
BY Ted Godbout | 4/21/2023
President Biden’s nominee to lead the Department of Labor expressed support for the SECURE 2.0 Act, but the bigger issue during her confirmation hearing was the sharp questioning from Republican... Read More
BY Ted Godbout | 4/20/2023
The American Retirement Association applauds the Department of Labor’s proposed addition of a self-correction option for delinquent participant contributions and loan repayments under the Voluntary... Read More
BY John Sullivan | 4/19/2023
[Editor's note: This article has been updated with specifc comments and questions from House members regarding open-end fund liquidity risk management, swing pricing and a hard close.]... Read More
BY John Sullivan | 4/9/2023
On Thursday, the Treasury Department and Internal Revenue Service (IRS) released its Strategic Operating Plan detailing how its new funding and thousands of new hires will be applied,... Read More
BY Ted Godbout | 4/6/2023
The path to Senate confirmation for President Biden’s current nominee to lead the Department of Labor appears to be getting narrower.
The latest salvo comes from House Ways and Means Committee... Read More
BY Ted Godbout | 3/29/2023
A new Risk Alert from the Securities and Exchange Commission advises that some newly registered advisers need to improve their compliance procedures, disclosures and marketing practices.
The... Read More
BY Ted Godbout | 3/28/2023
President Biden’s nominee to lead the Department of Labor (DOL) will get a shot to convince skeptical lawmakers that she is the best candidate to succeed Marty Walsh, who stepped down earlier this... Read More
BY John Iekel | 3/27/2023
The Department of Labor (DOL) in its budget proposal for fiscal year 2024 seeks funding to fuel new initiatives to make sure lost benefits go to those to whom they belong.
The DOL... Read More
BY Ted Godbout | 3/22/2023
To modernize its information collection and analysis methods, the Securities and Exchange Commission is proposing to expand the types of filings that broker-dealers and other regulated entities must... Read More
BY John Iekel | 3/22/2023
The Department of Labor’s Employee Benefits Security Administration (EBSA) on March 22 announced that it is reopening the comment period for the proposed amendment to prohibited transaction... Read More
BY Ted Godbout | 3/15/2023
To address cybersecurity risks to U.S. securities markets and protect customer information, the Securities and Exchange Commission on March 15 advanced a package of new requirements for broker-... Read More
BY John Iekel | 3/13/2023
The American Retirement Association (ARA) has signed on to a joint letter supporting the IRS’ new permanent rules to allow remote notarization of spousal consent forms.
Background... Read More
BY Nevin E. Adams, JD | 3/10/2023
Noting that “its implementation would disproportionately harm those saving for retirement,” the Chair and Ranking Member of the U.S. House of Representatives' Financial Services Subcommittee on... Read More
BY Ted Godbout | 2/28/2023
The White House has announced that President Biden intends to nominate Julie Su to serve as Secretary of Labor, replacing Marty Walsh who recently announced his intention to step down to take a... Read More
BY John Iekel | 2/27/2023
The U.S. Department of Labor (DOL), the IRS and the Pension Benefit Guaranty Corporation (PBGC) on Feb. 23 released changes to the 2023 Form 5500 and Form 5500-SF. These are the third—and final—... Read More
BY Ted Godbout | 2/27/2023
Newly released proposed regulations by the Internal Revenue Service would update rules relating to the use of forfeitures in qualified retirement plans, including a new deadline for the use of... Read More
BY NAPA Net Staff | 2/24/2023
Does a plan sponsor violate a duty of loyalty when considering retirement plan participant preferences?
Here’s what Tim Hauser, Deputy Assistant Secretary for Program Operations of the... Read More
BY NAPA Net Staff | 2/24/2023
Proxy voting was (is) a big issue for regulators. What does the new ESG rule have to say on the topic?
Tim Hauser, Deputy Assistant Secretary for Program Operations of the... Read More
BY NAPA Net Staff | 2/22/2023
What's in the Episode
In the inaugural episode of the DC Pension Geeks podcast, American Retirement Association CEO Brian Graff sits down with Lisa Gomez, the Department of Labor's Assistant... Read More
BY John Sullivan | 2/18/2023
Labor Secretary Marty Walsh confirmed expectations that he will leave the Biden Administration for the private sector. Walsh will join the NHL Players Association (NHLPA) as... Read More
BY John Sullivan | 2/16/2023
On Tuesday, the Securities and Exchange Commission (SEC) closed the comment period for its controversial late-processing proposed rule to combat an issue first raised nearly 20 years ago.... Read More
BY John Sullivan | 2/7/2023
Labor Secretary Marty Walsh is said to be leaving the Biden Administration for the private sector as part of a broader cabinet shakeup in preparation for a possible 2024 Biden reelection run.... Read More
BY John Sullivan | 1/10/2023
In early November and without warning, the Securities and Exchange Commission (SEC) said it would repropose a nearly 20-year-old rule to eliminate the potential for late trading and... Read More
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