by PC Editorial Staff | Dec 13, 2022 | DOL, EBSA, Employee benefit plans, ERISA, Fiduciary Rule, Retirement Plans
Recently, the U.S. Department of Labor (DOL) proposed a self-correction option under its Voluntary Fiduciary Correction Program. Specifically, proposed updates would allow fiduciaries to self-correct specific transactions like late deposits to a 401(k) plan. The...
by PC Editorial Staff | Nov 2, 2021 | DOL, EBSA, ERISA, Fiduciary Rule, IRS
The Department of Labor’s (DOL’s) Employee Benefits Security Administration (EBSA) has issued a new prohibited transaction rules policy. Accordingly, Field Assistance Bulletin 2021-02, “Temporary Enforcement Policy on Prohibited Transaction Rules Applicable to...
by Girish Anand | Mar 16, 2018 | DOL, Fiduciary Rule
The Obama-era Fiduciary Rule, requiring retirement investment advisers to place their clients’ interests first, underwent a mixed week of results in U.S. circuit courts of appeals. A few days ago, the 10th Circuit Court affirmed the rule, and yesterday the 5th...
by Girish Anand | Aug 10, 2017 | DOL, Fiduciary Rule
Enforcement of its Conflict of Interest Fiduciary Rule was set to begin on Jan. 1, 2018, but the Department of Labor (DOL) yesterday submitted a proposal to the Office of Management and Budget (OMB) seeking amendments to three of the rule’s exemptions that would...
