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
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Regulatory Agencies
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
BY John Iekel | 1/4/2023
The Pension Benefit Guaranty Corporation’s (PBGC) Office of the Participant and Plan Sponsor Advocate reports progress in 2022, but adds in its 2022 annual report that there is more to be... Read More
BY John Iekel | 1/2/2023
The IRS has issued proposed regulations on the use of electronic media to make participant elections and spousal consents. The proposed regulation generally affects sponsors and... Read More
BY Ted Godbout | 12/19/2022
A proposal by the Securities and Exchange Commission that stands to upend current trading practices for 401(k) plans has now been published in the Federal Register with an official comment due... Read More
BY John Iekel | 12/13/2022
The Department of Labor (DOL) on Dec. 12 reported that its Employee Benefits Security Administration (EBSA) recovered more than $1.4 billion for employee benefit plans, participants, and... Read More
BY John Iekel | 12/9/2022
The Department of Labor, IRS and Pension Benefit Guaranty Corporation (PBGC) on Dec. 8 released informational copies of the 2022 Form 5500, Form 5500-SF, IRS Form 5500-EZ and their related... Read More
BY NAPA Net Staff | 12/2/2022
We now have an official effective date for the new ESG regulation.
While the Department of Labor unveiled its final rule on the consideration of environmental, social and governance (ESG... Read More
BY Ted Godbout | 11/23/2022
The American Retirement Association (ARA) is calling on the Department of Labor (DOL) to make changes to its proposed amendments to the QPAM exemption, arguing that, as currently drafted, the... Read More
BY Nevin E. Adams, JD | 11/22/2022
The U.S. Department of Labor has unveiled its much-anticipated final ESG rule that it says will allow “plan fiduciaries to consider climate change and other environmental, social and governance... Read More
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