DOL releases informal guidance addressing fiduciary responsibilities with respect to target date funds *

USA - March 18 2013
Recent U.S. Department of Labor (DOL) guidance underscores the need for plan fiduciaries to rigorously examine and monitor target date fund (TDFs)…

Co-authors: Ashley J. McCarthy, Anne S. Becker, Joseph S. Adams.

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New DOL guidance amplifies participant fee disclosure rules *

USA - June 12 2012
For most defined contribution plans, initial annual fee disclosures are due to participants by August 30, 2012. 

Co-authors: Lisa K. Loesel, Elizabeth A. Savard.

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New guidance from the Department of Labor clarifies participant disclosure requirements *

USA - May 8 2012
In October 2010, the U.S. Department of Labor (DOL) issued final regulations requiring plan administrators to disclose certain plan and investment-related information, including fee and expense information, to participants and beneficiaries in 401(k) plans and other participant-directed individual account plans.

Co-authors: Maureen O'Brien.

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New foreign financial asset reporting requirement with deadline of April 17, 2012 *

USA - March 27 2012
The Foreign Account Tax Compliance Act (FATCA) requires certain U.S. taxpayers holding foreign financial assets, including an interest under a foreign pension or deferred compensation plan and foreign equity awards, to report those interests beginning with this tax filing season.

Co-authors: Ira B. Mirsky, Adrienne Walker Porter, Todd A. Solomon.

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DOL to re-propose "fiduciary" definition regulation in wake of considerable criticism *

USA - November 21 2011
The U.S. Department of Labor recently withdrew a proposed regulation that would have substantially expanded the definition of “fiduciary” under federal employee benefits law.

Co-authors: Ashley J. McCarthy, Jonathan J. Boyles.

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