401(k) Employer Matches Make a Rebound

When economic troubles began percolating in 2007-2008, many companies dropped their 401(k) matching-contribution programs to save money. Now a survey by the Charles Schwab Corp. shows that not only has that trend been reversed, but more companies are now offering matching contributions than before the onset of the so-called Great Recession. The Schwab study says […]

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EBSA Revises Submission Procedures for Fiduciary Relief Under Disclosure Rule

The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) has announced improved procedures for plan sponsors who wish to obtain fiduciary relief for a service provider’s failure to comply with the department’s plan-level fee disclosure rule. A new Direct Final Rule accordingly revises the mailing address and web-based submission procedures for filing certain notices […]

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EBSA Delays Plan Disclosure Requirement by Three Months

The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) has issued a final rule that will provide employers sponsoring pension and 401(k) plans with information about the administrative and investment costs associated with providing such plans to their workers. The department also announced a 3-month extension in the effective date of this rule, meaning […]

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EBSA Imposes New Requirements on 401(k) Fee Transparency

In the wake of a spate of high-profile employee class action lawsuits on excessive 401(k) fees, the Employee Benefits Security Administration (EBSA) has jumped into the fray with the publishing of a final rule of the transparency of fees and expenses associated with 401-(k)-type retirement plans. Plan administrators will now have to provide detailed, plain-language […]

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