Insights


Showing entries with the topic “Legislative/Regulatory”.

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23

May 2017

Compliance Alert: Breaking - The DOL Will NOT Delay Fiduciary Rule

On May 22, in an Op-Ed Piece for the Wall Street Journal, Labor Secretary, Alexander Acosta, threw in the towel in his effort to delay the application date of the Fiduciary Rule. Barring any additional developments, the Rule will now become applicable, as scheduled, on June 9, though certain pr…

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17

May 2017

Lawsuit Rulings Provide Hope for Plan Sponsors

The retirement plan industry has seen many lawsuits in the past several years.  Plan sponsors have been repeatedly accused of not fulfilling their fiduciary responsibility to their plans and participants.  The first lawsuits were filed against large corporate 401(k) plans.  However, i…

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10

Feb 2017

Compliance Alert: DOL Delays the Fiduciary Rule

After a tumultuous week in which President Trump issued a memorandum and a district court judge dismissed a lawsuit against the same rule (despite the fact that the government requested a last minute stay), we now have word that the DOL has formally requested a delay in the …

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23

Jan 2017

2017 401(k) ERISA Compliance Calendar

The 2017 Retirement Plan Compliance Calendar highlights critical compliance deadlines for defined contribution retirement plans. Though we have covered all of the major deadline dates, note that some deadlines apply only to particular plan types (and are noted accordingly) and there may be…

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23

Jan 2017

Health System Faces Fiduciary Breach Lawsuit

The defined contribution retirement plan marketplace has encountered yet another lawsuit. This time, the complaint against fiduciaries for the breach of their responsibilities to the plan is at Essentia Health, a healthcare organization in Duluth, MN (Morin v. Essentia Health).  As with ma…

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23

Jan 2017

2017 403(b) Compliance Calendar

The 2017 Retirement Plan Compliance Calendar highlights critical compliance deadlines for defined contribution retirement plans. Though we have covered all of the major deadline dates, note that some deadlines apply only to particular plan types (and are noted accordingly) and there may be…

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14

Dec 2016

Cammack Retirement Investment Brief: No Surprises from the Fed

The Federal Reserve concluded its final policy meeting of the year and as expected, raised the benchmark interest rate 25 basis points to a range of 0.50% to 0.75%.  Bond yields have moved sharply higher in recent weeks in anticipation of the Fed’s announcement. Fed officials also signaled a…

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