DOL Issues Final Rule on Annual Funding Notice for Defined Benefit Plans

The Department of Labor on January 30 released a final rule implementing the annual funding notice requirement of section 101(f) of the Employee Retirement Income Security Act.  The final rule requires the administrators of defined benefit plans (single employer and multiemployer) to furnish an annual funding notice to participants, beneficiaries, the Pension Benefit Guaranty Corporation, …

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.