Meredith Silliman

BCLP

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DOL FAQs Guide Compliance Efforts during Fiduciary Rule Transition Period

The Department of Labor has issued guidance in the form of Frequently Asked Questions to help firms and their advisers impacted by the Fiduciary Rule know what is expected on and after June 9, 2017, on and after January 1,...more

6/6/2017 / Best Interest Contract Exemptions , Department of Labor (DOL) , Employee Retirement Income Security Act (ERISA) , Fiduciary Rule , Investment Adviser , Popular , Presidential Memorandum , Retirement Plan

Penalty Amounts Get Adjustment (Upward, of Course)

The Department of Labor (DOL), along with several other federal agencies, recently released adjusted penalty amounts for various violations. The amounts had not been adjusted since 2003, so there was some catching up to do,...more

7/12/2016 / Affordable Care Act , Civil Monetary Penalty , Department of Labor (DOL) , Employee Benefits , Employee Retirement Income Security Act (ERISA) , Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 , GINA , Health and Welfare Plans , Pensions , Retirement Plan

Changes to the Fair Labor Standards Act May Affect Employee Benefits

The United States Department of Labor recently issued a Final Rule updating the Fair Labor Standards Act (the “FLSA”) that includes an increase in the standard salary level and that will take effect December 1, 2016. Under...more

6/16/2016 / Department of Labor (DOL) , Employee Benefits , Fair Labor Standards Act (FLSA) , Final Rules , Minimum Salary , Over-Time , Retirement Plan , Wage and Hour , White-Collar Exemptions

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