President Trump’s new nominee to serve as Secretary of Labor is Alexander Acosta, who currently serves as the dean of the Florida International University Law School. Trump announced the nomination... Read More
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BY NAPA Net Staff | 2/16/2017
Andrew Puzder, President Trump’s nominee for Secretary of Labor, on Feb. 15 withdrew from consideration. His action came one day before his confirmation hearing was set to take place before the... Read More
BY Nevin E. Adams, JD | 2/14/2017
President Trump’s nominee for Secretary of Labor is slated for a Senate hearing later this week – and if the list of questions from Sen. Elizabeth Warren (D-Mass.) is a harbinger, it’s going to be a... Read More
BY NAPA Net Staff | 2/10/2017
The Senate Health Education, Labor and Pensions (HELP) Committee’s confirmation hearing for Andrew Puzder, President Trump’s nominee for Secretary of Labor, has been rescheduled yet again. The... Read More
BY Nevin E. Adams, JD | 2/2/2017
Forget the rumors – the change in administrations in Washington apparently hasn’t stilled the Labor Department’s legal defense of the fiduciary rule.InvestmentNews reports that the Labor Department... Read More
BY NAPA Net Staff | 1/27/2017
The Senate Health, Education, Labor and Pensions Committee’s confirmation hearing for Andrew Puzder, President Trump’s nominee for Secretary of Labor, has been delayed again. According to Politico,... Read More
BY Nevin E. Adams, JD | 1/23/2017
Last Friday, President Trump signed a regulatory freeze pending review – but did that impact the timing of the fiduciary rule?In a memo to federal departments and agencies, White House chief of staff... Read More
BY NAPA Net Staff | 1/17/2017
Senate Health, Education, Labor and Pensions (HELP) Committee Chairman Lamar Alexander (R-TN) announced Jan. 17 that the confirmation hearing for Andy Puzder, President-elect Trump’s nominee to serve... Read More
BY NAPA Net Staff | 1/11/2017
The confirmation hearing for Labor Secretary nominee Andrew Puzdner could be pushed back.Originally slated for Jan. 17, the Senate HELP Committee may delay Puzdner’s confirmation hearing until... Read More
BY NAPA Net Staff | 1/5/2017
In a move many read as signaling a shift in emphasis, if not direction, President-elect Donald Trump has named a Wall Street attorney to run the Securities and Exchange Commission.Trump’s pick to... Read More
BY NAPA Net Staff | 12/9/2016
President-Elect Trump’s pick for Secretary of Labor may not have taken a stance on the fiduciary rule yet, but it seems fair to conclude he won’t be a fan.Trump has tapped fast-food executive Andy... Read More
BY NAPA Net Staff | 12/8/2016
Published reports indicate that President-elect Donald Trump is ready to name his choice for Secretary of Labor.According to The Wall Street Journal, Trump is expected to name fast-food executive... Read More
BY John Iekel | 11/23/2016
A new IRS memorandum to examiners in the IRS Tax Exempt and Government Entities (TE/GE) division sets forth a new process for handling Information Document Requests (IDRs) in retirement plan audits.... Read More
BY NAPA Net Staff | 11/21/2016
The Department of Labor’s fall regulatory agenda indicates the agency is contemplating regulatory relief to facilitate the use of lifetime income products and features.The proposal (RIN:1210-AB77) is... Read More
BY NAPA Net Staff | 11/15/2016
Securities and Exchange Commission Chair Mary Jo White, after nearly four years as the agency’s head, has announced that she intends to leave at the end of the Obama administration.White, who became... Read More
BY NAPA Net Staff | 11/14/2016
The ERISA Advisory Council on Nov. 10 issued recommendations the Department of Labor can take regarding cybersecurity and making workplace retirement accounts more secure.The council had announced... Read More
BY Nevin E. Adams, JD | 10/28/2016
The 24-page document covers a lot of ground in the form of 34 questions, and while much of it seems to confirm what had been understood (or assumed), the first wave of FAQs certainly provides some... Read More
BY John Iekel | 10/26/2016
Much-anticipated guidance on the DOL fiduciary rule will be coming soon, according to Phyllis Borzi, head of the DOL’s Employee Benefits Security Administration (EBSA). She made the remarks Oct. 25... Read More
BY NAPA Net Staff | 10/12/2016
The American Retirement Association has requested relief for retirement plan participants and administrators impacted by Hurricane Matthew.The relief was requested from the IRS for taxpayers who... Read More
BY NAPA Net Staff | 9/28/2016
Securities and Exchange Commission Chair Mary Jo White has reiterated that her agency’s fiduciary rule is coming, but “not any time soon.” White made her remarks on Sept. 27 at the Securities... Read More
BY Nevin E. Adams, JD | 9/21/2016
While it might not seem like much to most retirement plan advisors, your plan sponsor clients and TPA partners just got what is probably a much-appreciated time extension from the Labor Department.... Read More
BY NAPA Net Staff | 9/21/2016
The comment periods and hearings are long over, and the implementation of the fiduciary rule nears. But that doesn’t mean that the Department of Labor has a deaf ear, nor that it won’t provide some... Read More
BY NAPA Net Staff | 9/19/2016
The nation’s private pension plan insurer is looking to expand its Missing Participants Program.The Pension Benefit Guaranty Corporation (PBGC) is proposing an expansion of its Missing Participants... Read More
BY NAPA Net Staff | 8/1/2016
The Labor Department has announced a grant program intended to increase retirement security for low-wage workers — many of whom have never had access to retirement benefits through an employer.The... Read More
BY Nevin E. Adams, JD | 7/11/2016
The Labor Department has made some “technical corrections” to the Best Interest Contract (BIC) Exemption of the fiduciary regulation.The Labor Department notes that all of the corrections either fix... Read More
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