DOL Releases Final Fiduciary Rule for Investment Advisors
The Department of Labor (DOL) has released a final rule updating the definition of an investment advice fiduciary under ERISA.
DOL Releases Proposed Retirement Savings Lost and Found Information Collection
The Department of Labor is proposing to collect information in order to establish the Retirement Savings Lost and Found online searchable database described in Section 523 of ERISA as amended by Section 303 of SECURE 2.0.
DOL Fiduciary Rule Has Left OMB
A final rule titled “Retirement Security Rule: Definition of an Investment Advice Fiduciary” has left the Office of Management and Budget.
Agencies Extend Comment Deadline on Reporting and Disclosure RFI Under SECURE 2.0
The Department of Treasury, the Department of Labor, and the Pension Benefit Guaranty Corporation have extended the deadline for comments related to a Request for Information released in January pursuant to Section 319 of SECURE 2.0.
DOL Releases Final Rule on QPAM Exemptions
The Department of Labor has issued a final rule “Amendment to Prohibited Transaction Class Exemption 84-14 (PTE 84-14) for Transactions Determined by Independent Qualified Professional Asset Managers (the QPAM Exemption)”.
DOL Releases Final Rule Clarifying Employee or Independent Contractor Status
The Department of Labor issued a final rule to assist employers when determining whether a worker is considered an employee or an independent contractor under the Fair Labor Standards Act.
DOL Releases Proposed Regulations for Automatic Portability Transactions
The Department of Labor has released proposed regulations related to the implementation of section 120 of the SECURE 2.0 Act.
DOL Final Rule on QPAM Exemptions Has Left OMB
A final rule titled, “Proposed Amendment to PTE 84-14 for Plan Asset Transactions Determined by an Independent Qualified Plan Asset Manager,” has left the Office of Management and Budget.
DOL Sends Final Fiduciary Rule to OMB
The Department of Labor has sent a final fiduciary rule titled “Retirement Security Rule: Definition of an Investment Advice Fiduciary” to the Office of Management and Budget (OMB).
DOL Issues Final Rule on Prohibited Transaction Exemption Procedures
The Department of Labor has released amendments that supersede the Department’s existing procedure governing applications for exemptions from the prohibited transaction provisions of ERISA and the Internal Revenue Code.
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