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Search OptionsEmployee BenefitsDOL Requests More Information in Fiduciary Rule Examination
The U.S. Department of Labor (DOL) is looking for more input about possible changes to the Fiduciary Rule and even possible further delay of some of its applicability. On June 29, 2017, the DOL released a Request for Information regarding the Fiduciary Rule and prohibited transaction exemptions,… The Department of Labor Allows the Upcoming June 9 Applicability Date for Portions of the Fiduciary Duty Rule to Stand While Continuing to Review the Overall Rule
Late Monday, May 22, 2017, Secretary of Labor Alexander Acosta issued an opinion editorial in the Wall Street Journal explaining that although public comments and more in-depth analysis will continue with respect to the overall fiduciary duty rule, he saw no legal reason to further delay the… Puzder out, Acosta In as Secretary of Labor Pick
Just a day after CKE Restaurants CEO Andy Puzder, amid allegations of conflicts of interest and possible discontent among employees, withdrew his nomination to serve as Secretary of Labor, President Trump has tabbed R. Alexander Acosta to head the Department of Labor (DOL). Mr. Acosta has… Presidential Memorandum Directs DOL to Reexamine Fiduciary Rule
Since our February 3, 2017 Alert, explaining that the President directed the Department of Labor (DOL) to take a closer look at that Fiduciary Rule, the White House has published the Presidential Memorandum and the specific directives to the DOL. The Presidential Memorandum instructs the DOL "to… President Trump Acts on Fiduciary Rule; DOL to Give it a Closer Look
In April 2016, the U.S. Department of Labor (DOL) published its final rule—widely referred to as the “fiduciary rule”—amending the regulatory definition of “fiduciary investment advice” in 29 CFR 2510.3-21, replacing a five-part test that long has governed whether a person is deemed to render… New Year's Greetings from the IRS: Notice 2016-4 Extends the Deadlines for 2015 ACA Information Reporting
By way of Notice 2016-4, issued on December 28, 2015, the IRS has extended the deadlines for the information reporting for 2015 related to mandates of the Patient Protection and Affordable Care Act, as amended ("ACA"), that affect employers sponsoring group health plans. The applicable ACA… Pension Plan Limitations for 2016: "What is Old is New Again"
As recently announced by the Internal Revenue Service, most of the annual dollar limitations relating to pension and other retirement plans will not be changing for 2016. In addition, the Social Security Administration has determined that the 2016 contribution and benefit base will remain at… |
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