Browsing Tag
Regulation
215 posts
Regulation refers to the laws and rules established by government agencies to ensure the fair and secure operation of retirement savings programs like 401(k)s. These regulations, primarily under ERISA, the IRS, and the Department of Labor (DOL), set standards for plan management, fiduciary responsibility, contribution limits, disclosure requirements, and participant protections. The goal is to safeguard employee benefits, promote transparency, and hold plan sponsors accountable for managing retirement assets responsibly and in the best interests of participants.
Portman’s Push for a SECURE Retirement
Ohio Senator Rob Portman had more reason to celebrate than just about anyone when the SECURE Act, the…
Fiduciary Facelift: ERISA Has Evolved—Have You?
Over 46 years ago, the Employee Retirement Income Security Act (ERISA) was passed overwhelmingly in the House of…
Coronavirus Leads FINRA to Push Business Continuity Plan Prep
Coronavirus seems to be impacting everything, which is why broker-dealer industry self-regulator FINRA is encouraging member firms to…
Brotherston v. Putnam’s Far Reaching 401(k) Fallout
In the case of Brotherston v. Putnam Investments, LLC, No. 17-1711 (1st Cir. 2018), the First Circuit Court…
SEC Looks to Loosen Advisor Advertising, Solicitation Rules
In early November 2019, the Securities and Exchange Commission (SEC) released proposed amendments to the advertising rule and…
State Fiduciary Standard Finalized in Massachusetts
In the absence of a fiduciary standard at the federal level, the Commonwealth of Massachusetts took a step…
How Plan Sponsors Avoid SECURE Act Noncompliance ‘Traps’
The recently passed SECURE Act offers provisions that benefit employers sponsoring 401k plans and their employees, all with…
8 Key Provisions to Know in the SECURE Act
The SECURE Act includes almost 30 provisions intended to expand retirement savings, simplify plan administration and penalize failures to comply.
Schlichter Sues Shell, Fidelity in 401(k) Fiduciary Breach
Jerry Schlichter has Shell Oil in his sights. The tort lawyer made famous for bringing suits against plan…
IRS Provides Relief for SECURE Act RMD Changes
There’s a bit of confusion over the age extension for required minimum distributions (RMD) contained in the recently…