Tag Archives: Employee Benefits Security Administration (EBSA)

Fiduciary Rule Under Review – Delayed Applicability Date

In a prior post, we covered President Trump’s order directing the Department of Labor to review the new regulation and, as it deems appropriate, to take steps to revise or rescind it.  The Employee Benefits Security Administration (“EBSA”) has taken […]

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Are You My Fiduciary?

How many of you remember the classic children’s’ story “Are you My Mother?” by P.D. Eastman?  In that delightful story, we follow a confused but determined baby bird who is looking for his mother.  He sets off to find her, […]

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Have Missing Participants? The DOL Says, “Google Them!”

Last week, the DOL released Field Assistance Bulletin 2014-01 which updated its 10-year-old guidance on how to deal with the accounts of missing or unresponsive participants and beneficiaries in a terminating defined contribution plan that does not have annuity options.  […]

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Proposed Rule Re-defining ERISA “Fiduciary” Delayed (Still)

Broker-dealers and financial advisers may have gained some breathing room as a congressional battle to broaden ERISA’s definition of “fiduciary” loses steam.  In the following discussion, we will summarize the current state of that battle. At issue is the innocuous-sounding […]

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DOL Updates Late 5500 Correction Program

Last week, the DOL published a comprehensive update to its Delinquent Filer Voluntary Correction (“DFVC”) Program in the Federal Register.  A little background: The Secretary of Labor has the authority to asses civil penalties of up to $1,100 against a […]

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DoL Representative Sheds Light on Enforcement Priorities

A representative from the Atlanta Regional Office for the Department of Labor recently spoke at an Atlanta Bar Association luncheon and provided some insight into the Employee Benefits Security Administration’s enforcement priorities and some other interesting facts: With regard to […]

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