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Today President Obama, as expected, will throw his support behind the Department of Labor’s (DOL) controversial fiduciary rule reproposal — but the details of the proposal remain elusive.Published reports indicate that the president will tout the reproposed rule at a speech today at the offices of...
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The Department of Labor’s much-anticipated fiduciary reproposal drew intense criticism Feb. 20 from SEC Commissioner Daniel M. Gallagher.Gallagher’s comments, made at the “SEC Speaks in 2015” event, were particularly harsh — not only regarding the potential impact of the DOL’s proposed extension of...
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Available through March 17, 2016 Speaker: Richard A Hochman, APM GFS; McKay Hochman Consulting, Provided by DST Access the presentation outline here!The IRS has issued opinion and advisory letters for pre-approved defined contribution plans; the restatement...
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Exceptions should not be the rule, at least not when it comes to the Department of Labor’s (DOL) fiduciary regulation reproposal, according to a new white paper from the U.S. Chamber of Commerce.
As part of a Feb. 20 event focusing on the “potential harmful impact of fiduciary regulation on...
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Two-thirds of American adults have experienced an event or situation that has had a negative effect on their financial plans for the long-term/retirement, including 75% of those under age 25, according to a new report.The vast majority (84%) of “Disrupted Americans” were saving for the long-term/...
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Proposals in New England neighbors Connecticut and Rhode Island would give their respective residents breaks from state taxes imposed on their pensions. Bills have been introduced in the legislatures of both states that would provide different degrees of relief: some would phase in a tax break;...
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The Pension Benefit Guaranty Corporation is seeking input on the implementation of the Multiemployer Pension Reform Act (MPRA) of 2014. The MPRA, enacted Dec. 16, 2014, included provisions that amended ERISA by replacing the rules for the partition of multiemployer plans and adding rules for...
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A growing number of employers plan to act this year to curb the cost of future Pension Benefit Guaranty Corporation premiums, according to Aon Hewitt. Not all of the employers the human resources firm recently surveyed have an open plan. In fact, a majority have a plan that is either frozen or...
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Buoyed by a rising stock market, most defined contribution plan participants stayed the course, according to a new survey published by the Investment Company Institute.The trends largely reflected a continuation of patterns that have been going on since at least 2011, when the country really began...
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The ERISA public disclosure website — which houses filings by health and pension plans of private employers — is headed for the cloud. According to Federal Times, the Department of Labor (DOL) is choosing a vendor that can provide a FedRAMP-certified cloud for this purpose.The DOL’s request for...
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