Category: Regulations

North Pier Fiduciary PIERspective (October 19, 2011)

North Pier Fiduciary PIERspective – Brant Griffin (October 19th, 2011) DOL Withdraws Regulations to Change Fiduciary Rule The DOL has withdrawn a…

DOL Delays Plan Fee Disclosure Rules

The DOL has recently announced that it will extend both the fiduciary and participant fee disclosure rules. The regulations under ERISA section 408(b)(2)…

Legislative Outlook for the Public and Private Retirement System

As the 112th Congress convened in January, it was clear that a substantial part of the legislative agenda for the next few…

Decision on New Fiduciary Rules Delayed

The SEC has delayed establishing new rules that would level the playing field for broker dealers and other investment advice providers. A…

IRS 401(k) Plan Questionnaire: Non-Responders Will Be Subject to Full-Scope Audit

As reported in a previous Fiduciary Commentary, in May 2010, the IRS delivered questionnaires to some 1,200 401(k) plan sponsors to determine…

Proposal Would Dramatically Change the Definition of Fiduciary

Due to the inadequacy of the prevailing ERISA definition of fiduciary, the DOL has recently issued a proposed regulation that would expand…

DOL Issues Final Rules on Participant Fee Disclosure Requirements

The Department of Labor published its final rule on participant fee disclosure, Fiduciary Requirements for Disclosure in Participant-Directed Individual Account Plans, on…

Plan Loans Now Exempt from Truth in Lending Act

Effective July 1, the Federal Reserve amended Regulation Z to exempt most plan loans from the reporting and disclosure requirements found in…
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