The Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) on Feb. 26 issued guidance on the duration of the COVID-19-related relief provided by Disaster Relief Notice 2020-01... Read More
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Regulatory Agencies
BY Ted Godbout | 2/24/2021
President Biden’s nominees for SEC Chairman and Director of the Consumer Financial Protection Bureau (CFPB) finally have hearing dates.
The Senate Committee on Banking, Housing, and Urban... Read More
BY John Iekel | 2/17/2021
The IRS has confirmed that no action is needed on recent 2019 Form 5500 extension letters. The confirmation came in the Feb. 17 edition of the IRS newsletter, Employee Plans News.
This... Read More
BY Kelsey Mayo | 2/12/2021
If your plan sponsor clients have recently received approval of a filing extension requested last summer for their 2019 Form 5500—they don’t need to do anything.
As you may know... Read More
BY Ted Godbout | 2/10/2021
President Joe Biden announced Feb. 10 that he will nominate Julie Su to the No. 2 post at the DOL.
Su currently serves as Secretary of the California Labor and Workforce Development Agency,... Read More
BY Ted Godbout | 2/8/2021
The self-regulatory organization says that it plans to expand the scope of its Regulation Best Interest and Form CRS reviews and testing this year.
The 2021 Report on FINRA’s... Read More
BY Nevin E. Adams, JD | 2/8/2021
Citing the “change in administration,” the Labor Department has backed off its previous support for a lawsuit challenging the CalSavers Retirement Savings Program.
As recently as last summer,... Read More
BY Ted Godbout | 2/4/2021
In his first appearance before the Senate, President Biden’s nominee to lead the Department of Labor vowed to work with both parties to address multiemployer pensions, as well as other retirement... Read More
BY Ted Godbout | 2/2/2021
Congress will get its first shot this week at questioning the Biden administration’s nominee for Labor Secretary.
Boston Mayor Marty Walsh, who has been nominated to serve as U.S.... Read More
BY NAPA Net Staff | 2/2/2021
The Securities and Exchange Commission (SEC) has announced that Satyam Khanna will serve as Senior Policy Advisor for Climate and ESG—a new role—in the office of Acting Chair Allison Herren Lee.... Read More
BY Ted Godbout | 1/26/2021
On Monday the Senate confirmed one of President Biden’s top economic advisors, and a key Republican senator who has been a champion of retirement policy announced his intent to retire. ... Read More
BY Ted Godbout | 1/21/2021
With former Chairman Jay Clayton stepping aside at the end of 2020 and a replacement not yet confirmed, the carousel of acting chairs at the Securities and Exchange Commission continues.
As... Read More
BY Ted Godbout | 1/21/2021
As expected—and as has routinely been done in recent memory along with a change in administrations—the incoming Biden administration moved to immediately pause all pending and recently issued... Read More
BY NAPA Net Staff | 1/20/2021
President Biden will sign executive orders today that will, among other things, press for a review of the Labor Department’s recent ruling on ESG investments.
The widely anticipated executive... Read More
BY Ted Godbout | 1/19/2021
President-elect Biden’s Treasury Secretary nominee Janet Yellen appeared before the Senate Finance Committee Jan. 19, fielding questions on the economy, taxes and debt, as well as her views on... Read More
BY Ted Godbout | 1/13/2021
President-elect Joe Biden is planning to nominate Gary Gensler to serve as chairman of the Securities and Exchange Commission, according to multiple news reports.
Should Gensler be confirmed... Read More
BY Ted Godbout | 1/7/2021
Boston Mayor Martin J. “Marty” Walsh has been selected by President-elect Joe Biden to be the next Secretary of Labor, according to an announcement by the Biden-Harris Transition Team. ... Read More
BY NAPA Net Staff | 12/29/2020
EDITOR’S NOTE: This is a follow-up to a feature story about the significance of the 2020 election results in the Winter issue of NAPA Net the Magazine.
Since the Winter 2020 issue of ... Read More
BY NAPA Net Staff | 12/29/2020
The Securities and Exchange Commission has announced that President Donald J. Trump has designated SEC Commissioner Elad L. Roisman as Acting Chairman of the agency.
He steps into the role... Read More
BY NAPA Net Staff | 12/28/2020
You’re learned a lot during the pandemic—and FINRA would like you to “share.”
Noting that “member firms have made rapid and unprecedented changes to their business operations in order to... Read More
BY Ted Godbout | 12/15/2020
The Labor Department’s proposed new fiduciary rule has moved one step closer to being finalized and could be released any day now.
The DOL sent the final version on its proposed advice... Read More
BY Nevin E. Adams, JD | 12/14/2020
There’s been increasing awareness—and litigation—regarding cyber security and participant accounts—and the Labor Department has taken notice.
Sources tell us that plan audits are now asking to see... Read More
BY John Iekel | 12/10/2020
The Pension Benefit Guaranty Corporation reports that the financial condition of its single-employer program continues to improve. And while it still projects that the multiemployer program is on the... Read More
BY John Iekel | 12/2/2020
The Department of Labor’s Employee Benefits Security Administration (EBSA), the IRS and the Pension Benefit Guaranty Corporation released advance copies of the 2020 Form 5500 and the Form... Read More
BY Nevin E. Adams, JD | 11/30/2020
It was a short week, but a busy one for the Labor Department, as it dropped off a second final rule at the OMB for evaluation.
The final rule on “Fiduciary Duties Regarding Proxy Voting and... Read More
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