Education

Updates

DOL Posts Final 2014 ERISA Advisory Council Reports

The Department of Labor recently posted to its website the final reports from the three topics (facilitating lifetime plan participation, outsourcing employee benefit plan services, and pharmacy benefit managers (PBM) compensation and fee disclosure) the ERISA Advisory Council in 2014 studied and made recommendations for the DOL’s consideration. … More

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ERISA Advisory Council Offers Recommendations on Lifetime Income, PBM Disclosure, and Outsourcing Plan Services

The ERISA Advisory Council recently presented its recommendations to the Department of Labor (DOL) on the topics it studied in 2014, which included facilitating lifetime plan participation, whether to extend DOL’s service provider fee disclosure regulation to pharmacy benefit managers (PBMs), and outsourcing employee benefit plan services.… More

protected content DOL Re-Opens Comment Period for Target Date Funds

The U.S. Department of Labor (DOL) has re-opened the comment period on its target date funds proposed rule.  The target date funds… More

ERIC Files Comment Letter on DOL Pre-Rule on Lifetime Income Disclosures

ERIC has submitted a comment letter to the U.S. Department of Labor (DOL) regarding the DOL’s pre-rule on lifetime income disclosures. … More

protected content DOL Asks for More Information on Displaying Lifetime Income Information on Benefit Statements

The U.S. Department of Labor just issued an advanced notice of proposed rulemaking (ANPRM) relating to displaying lifetime income information on the benefit statements for defined contribution plans. The Department is considering requiring benefit statements for defined contribution plans to include the participant’s account balance and an estimated lifetime stream of payments. … More

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ERIC Surveys

House Members Concerned Over DOL Approach on Proposal to Redefine Fiduciary

Thirty-three Democratic members of the House on June 25 wrote to Labor Secretary Hilda Solis expressing concern that the Department of… More

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Letters to Agencies

ERIC Urges Flexibility on Lifetime Income Disclosures

ERIC submitted comments today to the Department of Labor (DOL) recommending that it provide employers with flexibility regarding lifetime income disclosures. … More

House Members Concerned Over DOL Approach on Proposal to Redefine Fiduciary

Thirty-three Democratic members of the House on June 25 wrote to Labor Secretary Hilda Solis expressing concern that the Department of… More

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Press Releases

ERIC Urges Flexibility on Lifetime Income Disclosures

ERIC submitted comments today to the Department of Labor (DOL) recommending that it provide employers with flexibility regarding lifetime income disclosures. … More

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