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
On February 3, 2017, President Donald Trump ordered a review of the Department of Labor (the “DOL”) Conflict of Interest Rule (the “Fiduciary Rule”)
On January 19, 2017, the U.S. Department of Labor ("DOL") published in the Federal Register the Proposed Best Interest Contract Exemption for
On September 18, 2013, the United States Department of Labor ("DOL") issued EBSA Technical Release 2013-04 ("Release"), which provides that same-sex
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.
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.
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).
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
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).
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").