While the new Labor Department rules further defining conflicts of interest in investment advice have evolved significantly, The ERISA Industry Committee (ERIC) today, in a letter to the department, recommends changes to ensure that the new rule will not needlessly increase regulatory burdens and costs, and create uncertainty among plan sponsors, plan participants, and service providers
Topic Archives:
IRS Announces Elimination of Determination Letter Program for Individually Designed Plans
Sorry, but you do not have permission to view this content.
Policy Initiatives on Women & Retirement from Ranking Member of Senate HELP Committee
Sorry, but you do not have permission to view this content.
Employee Expenses Charged to Trust
Sorry, but you do not have permission to view this content.
Results of Survey on Employee Expenses Charged to Plan Trust
Sorry, but you do not have permission to view this content.
Treasury Department and IRS Release Notice Regarding Use of Lump Sum Payments
Sorry, but you do not have permission to view this content.
ERIC Urges the House to Extend Retirement Benefits Protection Contained in Pending Highway Bill
ERIC urges the House of Representatives to pass legislation this week that would extend a tax provision which facilitates the ability of companies to offer important retiree health and life insurance benefits
Pay for Highway Bill Includes Extension of Section 420 Transfer of Excess Funding
As we discussed on the Washington Update call yesterday, Congress is working hard to fund a short term extension to fund the federal highway trust fund, which runs out of money on July 31, 2015. Discussions are underway for legislation to fund highway and transit programs through December 18, 2015
DOL FAB on Plan Sponsor Monitoring Duties for Annuity Products
Today, the Department of Labor released FAB 2015-02, which provides clarification (for enforcement purposes) of plan sponsors’ fiduciary obligations concerning annuity product selection for defined contribution plans
ERIC Applauds Efforts of U.S. Senate Tax Reform Working Group
The ERISA Industry Committee agreed today with the objectives of the bipartisan U.S. Senate Committee on Finance’s Savings & Investment Working Group to reform the nation’s tax system.