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
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Regulatory Agencies
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
BY John Iekel | 11/22/2022
The Pension Benefit Guaranty Corporation (PBGC) in its annual report has noted positive developments that took place in the last year, and also is looking to the future with the naming of four... Read More
BY Nevin E. Adams, JD | 11/18/2022
The U.S. Department of Labor has announced that its Employee Benefits Security Administration has proposed some big changes to its Voluntary Fiduciary Correction Program—including a provision long-... Read More
BY Ted Godbout & Nevin E. Adams, JD | 11/17/2022
A proposal by the Securities and Exchange Commission to alter the way open-end funds operate could have a detrimental impact on retirement savers if implemented.
Among other things, under this... Read More
BY Ted Godbout | 11/15/2022
The Securities and Exchange Commission announced that it filed 760 enforcement actions and recovered a record $6.4 billion in penalties and disgorgement for fiscal year 2022.
The total enforcement... Read More
BY Ted Godbout | 11/10/2022
The Treasury Department and IRS recently released their updated 2022-2023 Priority Guidance Plan showing that additional guidance on the SECURE Act, missing participants and student loan payments are... Read More
BY John Iekel | 11/8/2022
The IRS has, effective immediately, expanded the individually designed retirement plan determination letter program to include certain 403(b) plans.
The IRS announced on Nov. 7 in... Read More
BY Ted Godbout | 11/2/2022
Touted as a way to bring greater transparency, the Securities and Exchange Commission has finalized new rules concerning information that investment funds report about their proxy votes and... Read More
BY Ted Godbout | 10/27/2022
The Securities and Exchange Commission has adopted new requirements for the way shareholder reports are presented and transmitted by mutual funds and exchange traded funds (ETFs), as well as... Read More
BY Ted Godbout | 10/26/2022
The Securities and Exchange Commission on Oct. 26 proposed new rules to prohibit registered investment advisers from outsourcing certain services without conducting due diligence and monitoring of... Read More
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