Tag: ERISA
IAA Comments to DOL on Addressing Climate-Related Financial Risks in Retirement Plans
In response to a DOL request for information on climate-related financial risks in retirement plans, we recommend that rulemaking be principles-based and not favor any type of investment strategy — and that the DOL should coordinate with the SEC.
May 25, 2022
DOL Provides Guidance on the Use of Cryptocurrencies in ERISA Plans
The DOL cautions plan fiduciaries to exercise extreme care before they consider adding a cryptocurrency option to a 401(k) plan’s investment menu for plan participants.
March 11, 2022
Tags: Digital Assets, ERISA
Supreme Court Reaffirms Duties of ERISA Fiduciaries to Monitor and Update Plan Options
The Supreme Court held that an ERISA fiduciary must continually monitor and remove imprudent investments, even where investors are offered other options.
January 26, 2022
Tags: ERISA
Lawsuit on Use of Private Funds in Retirement Plan Dismissed
The claims alleged that plan fiduciaries of two defined contribution plans violated their ERISA duties by offering alternative investments that were expensive and performed poorly.
January 19, 2022
Tags: ERISA, Private Funds
DOL Issues FAQs for Firms, Guidance for Investors on Fiduciary Exemption
Less than two months after allowing the Department of Labor’s new Fiduciary Exemption to take effect, the DOL’s Employee Benefits Security Administration (EBSA) has issued a set of frequently asked...
April 16, 2021
Tags: DOL, ERISA, IRAs, Retirement Plans
DOL Will Not Enforce ESG and Proxy Rules, Pending Agency Review
In a welcome development, the Department of Labor has announced that it intends to revisit the recently adopted ESG rule, “Financial Factors in Selecting Plan Investments,” and proxy rule, “Fiduciary...
March 10, 2021
Tags: DOL, ERISA, ESG, Fiduciary, Proxy Voting
Following Weeks of Speculation, DOL Confirms February 16 Effective Date for Fiduciary Exemption
The Department of Labor (DOL) has issued a press release in which it confirmed that the fiduciary exemption, titled “Improving Investment Advice for Workers and Retirees,” will go effective as...
February 16, 2021
DOL Issues Guidance to Reduce Number of Missing Plan Participants
Calling attention to the fact that many retirement plan participants inadvertently fail to apply for their pension benefits upon retirement, the Department of Labor has issued guidance that describes best...
January 25, 2021
Tags: DOL, ERISA, Retirement Plans
The DOL has adopted a prohibited transaction class exemption to allow investment advice fiduciaries, including investment advisers, to receive compensation for providing fiduciary investment advice, including advice about rollovers, and...
December 21, 2020
Tags: DOL, ERISA, Fiduciary, IRAs, Retirement Plans
Biden Administration Acts Aggressively on Day 1 Regarding Regulatory Process
President Joe Biden was sworn into office on January 20, 2021, and right out of the gate issued several executive orders and presidential actions that in many cases overturned actions...
January 26, 2021
Tags: Compliance, DOL, ERISA, ESG, Executive Order, Fiduciary, Marketing Rule, Proxy Voting
The IAA provides links to web sites of other organizations in order to provide visitors with certain information. A link does not constitute an endorsement of content, viewpoint, policies, products or services of that web site. Once you link to another web site not maintained by the IAA, you are subject to the terms and conditions of that web site, including but not limited to its privacy policy.
Click the link above to continue or CANCEL
