Five key Senate Democrats are concerned about the Labor Department’s current lack of defense of the fiduciary rule — and they want to know what the DOL plans to do going forward.The May 17 letter,... Read More
Advertisement
Regulatory Compliance
BY Nevin E. Adams, JD | 5/18/2018
The states of California, New York and Oregon have asked the 5th Circuit to reconsider its decision denying the states’ motion to intervene in litigation involving the DOL fiduciary rule.In a filing... Read More
BY NAPA Net Staff | 5/15/2018
2019 may seem like a long time off – but the Internal Revenue Service has already published the 2019 inflation-adjusted amounts for health savings accounts (HSAs).In Revenue Procedure 2018-30, the... Read More
BY John Iekel | 5/15/2018
Plan sponsors should “embrace best practices” regarding their fiduciary duty, ERISA attorney Fred Reish told attendees at the Plan Sponsor Council of America’s 2018 annual conference.In his... Read More
BY John Iekel | 5/4/2018
Rules for fiduciaries – and what the term itself even means – figured prominently in a May 2 session of the Plan Sponsor Council of America's annual conference in Scottsdale, AZ. An expert panel... Read More
BY John Iekel | 5/2/2018
A panel of experts at the Plan Sponsor Council of America’s annual conference in Scottsdale, AZ, on May 1 offered their take on some of the critical issues and uncertainties facing retirement plans,... Read More
BY Ted Godbout | 5/2/2018
How do you increase retirement security for 80 million 401(k) account owners?By making electronic delivery of 401(k) plan information the default method for communicating with plan participants. This... Read More
BY Nevin E. Adams, JD | 4/30/2018
A key component of the SEC’s proposal designed to address investor confusion about their advisory relationships is the Form CRS Relationship Summary – though the proposals length is a daunting start... Read More
BY Nevin E. Adams, JD | 4/25/2018
A key component of the SEC’s proposal designed to address investor confusion about their advisory relationships is the Form CRS Relationship Summary – though the proposal’s length is a daunting start... Read More
BY Ted Godbout | 4/25/2018
Speculation continues to swirl on whether the Department of Labor will appeal the ruling by the 5th U.S. Circuit Court of Appeals vacating the fiduciary rule, but time is running short.At the April... Read More
BY Nevin E. Adams, JD | 4/24/2018
My schedule – and aversion to crowds – means that I rarely see a new movie the first weekend it comes out (a rare exception – Avengers: Infinity War this weekend).While this means that there are... Read More
BY Ted Godbout | 4/24/2018
Leading ERISA legal minds believe the Securities and Exchange Commission’s proposals to establish new standards of conduct for broker-dealers (BDs) and investment advisers (IAs) still need a lot of... Read More
BY Nevin E. Adams, JD | 4/23/2018
A key component of the Securities and Exchange Commission’s proposal designed to address investor confusion about their advisory relationships is the Form CRS Relationship Summary – though the... Read More
BY NAPA Net Staff | 4/23/2018
In the third of his four-part series on questions raised by the 5th U.S. Circuit Court of Appeals' decision to vacate the DOL fiduciary rule, noted ERISA attorney Fred Reish examines the fiduciary... Read More
BY Ted Godbout | 4/20/2018
The SEC’s Office of Compliance Inspections and Examinations (OCIE) has listed the fee and expense compliance issues that were cited most frequently in deficiency letters sent to RIAs.The April 12... Read More
BY John Ortman | 4/16/2018
NAPA Executive Director (and American Retirement Association CEO) Brian Graff unveiled plans April 15 to address the expensive and outdated ERISA requirement to disclose information to 401(k)... Read More
BY John Iekel | 4/4/2018
With the IRS having rebuffed its recommendation to reconsider the disparate impact on small plans of the new pricing structure for the Voluntary Compliance Program (VCP), the American Retirement... Read More
BY Ted Godbout | 3/28/2018
Members of Congress and industry groups are raising concerns that the simple $50 reduction in the 2018 health savings account family contribution limit may end up costing a lot more than first... Read More
BY NAPA Net Staff | 3/28/2018
The 5th Circuit Court of Appeals recently “vacated” the DOL’s fiduciary rule and exemptions. What does that mean for recommendations to participants that they take plan distributions and roll them... Read More
BY John Iekel | 3/28/2018
The DOL Advisory Council on Employee Welfare and Pension Benefit Plans’ latest report centers on one overarching theme: simplifying plan disclosures to participants and beneficiaries. The report also... Read More
BY Nevin E. Adams, JD | 3/27/2018
An appeal of a decision supporting the Labor Department’s fiduciary rule won’t have its day in court, after all.The Labor Department and the National Association for Fixed Annuities have stipulated... Read More
BY NAPA Net Staff | 3/26/2018
There is still some time to make a contribution to an IRA and be able to claim it on a 2017 tax return — but not much. The IRS issued a reminder on March 20 that anyone with an IRA may be eligible... Read More
BY NAPA Net Staff | 3/13/2018
On Feb. 12, 2018, the SEC announced a remedial program called the “Share Class Selection Disclosure Initiative.” Are there consequences under the DOL fiduciary rule where an investment adviser... Read More
BY Nevin E. Adams, JD | 3/13/2018
While it’s hardly a new topic, the subject of missing participants is much in the news today – and arguably a growing concern for plan sponsors, particularly with the expansion of automatic... Read More
BY NAPA Net Staff | 3/9/2018
Once again invoking the Labor Department’s fiduciary rule, Massachusetts’ Secretary of the Commonwealth William F. Galvin has opened another investigation into broker-dealer activities.The latest... Read More
Recent Comments