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21 results found

Article

Reed Smith LLP | USA | 5 Jan 2018

Proposed Rule Expands Opportunity for Association Health Plans

The Department of Labor (“DOL”), in response to an Executive Order issued by the president on October 12, 2017, released a proposed rule on January 4

Article

Reed Smith LLP | USA | 7 Feb 2017

Executive Action Regarding Dodd-Frank and the Fiduciary Rule

On February 3, 2017, President Donald Trump ordered a review of the Department of Labor (the “DOL”) Conflict of Interest Rule (the “Fiduciary Rule”)

Article

Reed Smith LLP | USA | 23 Jan 2017

DOL Publishes Proposed Best Interest Contract Exemption for Insurance Intermediaries

On January 19, 2017, the U.S. Department of Labor ("DOL") published in the Federal Register the Proposed Best Interest Contract Exemption for

Article

Reed Smith LLP | USA | 30 Sep 2013

Department of Labor issues guidance affecting same-sex marriages

On September 18, 2013, the United States Department of Labor ("DOL") issued EBSA Technical Release 2013-04 ("Release"), which provides that same-sex

Article

Reed Smith LLP | USA | 21 Oct 2011

DOL to re-propose rule on definition of fiduciary

The Department of Labor has announced its intention to re-propose its rule that would have broadened the definition of a "fiduciary" under the Employee Retirement Income Security Act of 1974.

Article

Reed Smith LLP | USA | 27 Sep 2011

IRS announces new voluntary worker classification program

On September 21, 2011, the Internal Revenue Service announced the Voluntary Classification Settlement Program (the "VCSP"), allowing eligible employers to voluntarily resolve past worker classification issues and reclassify workers as employees for federal employment tax purposes.

Article

Reed Smith LLP | USA | 19 Sep 2011

U.S. Department of Labor issues temporary electronic disclosure policy under participant fee disclosure regulations

On September 13, 2011, the Department of Labor (the "DOL") issued Technical Release 2011-03, which sets forth a temporary policy regarding the use of electronic media to satisfy the disclosure requirements with respect to certain fee and expense information that will need to be provided to participants in self-directed individual account plans (such as certain 401(k) plans).

Article

Reed Smith LLP | USA | 5 Aug 2011

DOL delays applicability dates of plan fee disclosure rules

The Department of Labor ("DOL") has issued final regulations delaying the applicability dates of the interim-final rule regarding fiduciary-level fee disclosures under ERISA Section 408(b)(2) and the final rule regarding participant-level fee disclosures under ERISA Section 404(a) in order to give retirement plan service providers and fiduciaries more time to comply with the disclosure rules

Article

Reed Smith LLP | USA | 22 Jun 2011

DOL proposes extension of applicability dates for plan fee disclosure rules

The Department of Labor ("DOL") has issued proposed regulations that would extend and align the applicability dates for the interim-final rule regarding fiduciary-level fee disclosures under ERISA Section 408(b)(2) and the final rule regarding participant-level fee disclosures under ERISA Section 404(a).

Article

Reed Smith LLP | USA | 18 May 2011

DOL finalizes amendment to INHAM prohibited transaction exemption

The Department of Labor ("DOL") has finalized an amendment to Class Prohibited Transaction Exemption ("PTE") 96-23, which expands the scope of permissible transactions permitted by employee benefit plans whose assets are managed by in-house asset managers ("INHAMs").

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