ERISA

The IRS Employee Plans Compliance Unit (EPCU) has updated the information it provides on its Q&A page concerning handling certain erroneous filings. The EPCU develops compliance projects and analyzes data to better identify potential non-compliance with IRS rules. It ordinarily contacts... READ MORE

The team of Portman and Cardin have put their heads, and pens, together in a letter to Labor Secretary Tom Perez about the Department of Labor’s (DOL’s) fiduciary proposal.Of course, then-Representatives Rob Portman (R-Ohio) and Ben Cardin (D-Md.) led the charge in the House for the Economic Growth... READ MORE

Securities and Exchange Commission Chairman Mary Jo White on Nov. 18 faced some tough questions from members of the House Financial Services Committee from both parties concerning her agency’s work on setting a uniform fiduciary standard of conduct. White was testifying before the committee... READ MORE

Another “excessive fee” lawsuit was settled recently — but what’s more interesting than the settlement amount is the speed with which it was reached and how it’s going to be spread among the parties.The settlement of the class action came in the case of Karolyn Kruger, M.D., et al v. Novant Health... READ MORE

A frequent commentary on today’s plan designs is that they are more focused on accumulation than the eventual spend-down of those savings.It’s said that defined contribution plans too often not only facilitate lump-sum distributions, but, in design at least, encourage them. And yet, despite a... READ MORE

The Windy City played host in the first week of November to a gathering focused on developing ideas to address America’s retirement savings challenge — but government-run solutions dominated the conversation.At the conference, “Saving — America’s Challenge and Opportunity in the Twenty-First... READ MORE

The period during which the Department of Labor’s Employee Benefit Security Administration (EBSA) will accept public comments on the fiduciary proposal closes on Sept. 24.A comment may be submitted through one of the following methods: Email: [email protected]; include ZRIN 1210-ZA25 in the subject... READ MORE

The Pension Benefit Guaranty Corporation (PBGC) on Sept. 17 issued a final rule amending its multiemployer regulations to require electronic filing of certain multiemployer notices starting in 2016. The final rule is effective Oct. 19, 2015 and is applicable to filings made on or after Jan. 1, 2016... READ MORE

The Pension Benefit Guaranty Corporation (PBGC) has issued a final rule that amends its regulation on reportable events and other notification requirements. The amended rule appeared in the Federal Register of Sept. 11 and will apply to events that occur after Jan. 1, 2016.The amended rule focuses... READ MORE