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.
SEC Names ‘Chief Data Officer’ to Assist in Enforcement
The Securities and Exchange Commission today announced Austin Gerig as its Chief Data Officer, a new leadership position…
Barney Frank, Chris Dodd File Opposition to SEC’s Reg BI
Powerful interests and actors are lining up against the SEC’s Regulation Best Interest, which requires broker-dealers and their…
The Biggest 401(k) Regulation Story of 2019
Surprisingly, the top regulation story of 2019 was not the SECURE Act, but rather a sibling bill, the…
Congressman Criticizes Sanders for 401(k) ‘Fast One’
Bernie Sanders posted a strongly worded tweet on Friday, promoting student debt forgiveness by instituting a tax on…
What the SECURE Act Really Means for 401(k) Participant Behavior
We’re surprised Anne Lester isn’t more surprised by the passage of the SECURE Act. “Our colleagues in Washington…
Elizabeth Warren ‘Cautions’ DOL About Weak Fiduciary Rule
Conflict of Interest Rule sparks Warren’s warning against weak standards that risk Americans’ retirement savings.
Bill to Resume Social Security Statement Mailings Advances in House
The Senate may soon have another retirement savings reform bill to add to the already overcrowded desk of…
Rand Paul Takes on AOC Over 401(k)s, Student Debt
Alexandria Ocasio-Cortez, Bernie Sanders and Elizabeth Warren have all called for free college and/or student debt forgiveness. Rand Paul isn't having it.
Massachusetts Moves Forward with State Fiduciary Standard
The Bay State isn’t waiting for next month’s third try at a fiduciary standard from the Department of…
How Much Money Did DOL Recover for Plans, Participants in 2019?
The Department of Labor’s Employee Benefits Security Administration (EBSA) released its enforcement and benefit advisor program results for…