dol

Gomez Nominated for EBSA Post

President Biden has nominated Lisa M. Gomez for Assistant Secretary of Labor for the Employee Benefits Security Administration (EBSA).

FuturePlan ERISA Team

DOL

Women’s Retirement Protection Act Re-Introduced

Senator Patty Murray (D-WA) and Representative Lauren Underwood (D-IL) have introduced the Women’s Retirement Protection Act of 2021 in their respective chambers.

FuturePlan ERISA Team

COVID-19

Defined Contribution Plan

DOL

SECURE Act

DOL Provides FAQs for Lifetime Income Illustrations

The DOL has provided FAQs addressing questions about the timing of implementation of pension benefit statement lifetime income illustrations under the SECURE Act.

FuturePlan ERISA Team

Defined Contribution Plan

DOL

SECURE Act

Executive Order Includes Review of ESG Factors

Last week, President Biden issued an Executive Order on Climate-Related Financial Risk.

FuturePlan ERISA Team

Defined Contribution Plan

DOL

Fiduciary Issues

Retirement Security and Savings Act Re-Introduced

Senators Rob Portman (R-OH), and Ben Cardin (D-MD), have introduced the Retirement Security and Savings Act of 2021, legislation that was last introduced in 2019.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

DOL

IRA

Legislative updates

SECURE Act

DOL Withdraws Independent Contractor Rule

The Department of Labor (DOL) Wage and Hour Division is withdrawing the independent contractor rule that was scheduled to take effect on May 7, 2021.

FuturePlan ERISA Team

Defined Contribution Plan

DOL

Health and Welfare

Securing a Strong Retirement Act Re-Introduced

House Ways and Means Committee Chairman Richard Neal (D-MA) and Ranking Member Kevin Brady (R-TX) have introduced the Securing a Strong Retirement Act of 2021.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

DOL

IRA

Legislative updates

SECURE Act

DOL Releases Additional Investment Advice Guidance

This latest DOL guidance package presents helpful information in a more understandable format.

FuturePlan ERISA Team

Retirement Spotlight

DOL

Defined Contribution Plan

Defined Benefit Plan

Fiduciary Issues

Department of Labor Releases Cybersecurity Guidance

On April 14, the DOL’s (EBSA) issued—for the first time—guidance on best practices for maintaining cybersecurity.

FuturePlan ERISA Team

Washington Pulse

DOL

Defined Contribution Plan

Defined Benefit Plan

Fiduciary Issues

Additional Prohibited Transaction Exemption Guidance

The Department of Labor (DOL) has issued two pieces of guidance on its new fiduciary advice prohibited transaction exemption, PTE 2020-02.

FuturePlan ERISA Team

Defined Contribution Plan

DOL

Fiduciary Issues

IRA

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