Fiduciary Governance

The latest issue of Employee Plans News, which the IRS issued on Sept. 30, provides comprehensive access to information concerning forms, correcting mistakes, plans and more that have been updated since the last issue of the newsletter.The information that can be accessed through Issue No. 2015-10... READ MORE

Excessive fees and all the matters attendant to them are topics that should be brought to a retirement plan committee to address. In “How Long Can You Hold Your Breath?,” a column by David J. Witz that appeared in the Summer 2015 issue of Plan Consultant, Witz argues that the statute of limitations... READ MORE

As the comment period window closes on the Labor Department’s fiduciary proposal, the American Retirement Association has filed a supplemental comment letter with the DOL — and another House subcommittee schedules a hearing on the subject.Specifically, the ARA sought to “amplify and clarify” two... READ MORE

Skepticism about the Department of Labor’s (DOL) proposed fiduciary rule is mounting — and not just from President Obama’s opposition. Concerned about consumer choice and access to advice, as well as the possible effect of the rule on the cost of saving for retirement and on the poor and middle... READ MORE

The Department of Labor (DOL) hearings may be over, but a House committee plans to hold a hearing of its own on the fiduciary rule reproposal and its impact on younger savers.House Ways & Means Oversight Subcommittee Chairman Peter Roskam (R-Ill.) proclaimed 2017 as “the year when tax reform... READ MORE

There is frequently a difference between doing all that the law requires of a plan sponsor and doing everything that could be done.Here are five things that plan sponsors don’t always do — but should.1. Have a Plan/Plan Investment Committee.ERISA only requires that the named fiduciary (and there... READ MORE

Editor’s Note: This is the first of a three-part series by Peter Preovolos on being a 3(16) plan administrator.There’s a lot of talk in the retirement industry these days about becoming a 3(16) plan administrator to plan sponsor clients. But what exactly does that entail, and how would it benefit... READ MORE

The Pension Benefit Guaranty Corporation (PBGC) and Sears Holding Corp. have entered into an agreement that protects the latter’s pension plan. The agreement protects them as well as the plan’s pension insurance; it also allows Sears Holding Corp. to continue to protect certain special-purpose... READ MORE

Congress returns from its summer break next week, and House Republicans are wasting no time reengaging in oversight of the Department of Labor’s (DOL) fiduciary rule re-proposal.On Sept. 10, two subcommittees of the House Financial Services Committee are planning to hold a joint hearing on the... READ MORE