The Department of Labor (DOL) has issued a new regulation defining fiduciary “investment advice” under the Employee Retirement Income Security Act of 1974 (ERISA), as amended, and Section 4975 of the Internal Revenue Code of...more
On April 3, 2024, the Department of Labor (DOL) published final changes to Prohibited Transaction Class Exemption 84-14, commonly known as the “QPAM Exemption”. The changes make reliance on the QPAM Exemption more burdensome...more
On December 1, 2022, the Department of Labor (DOL) released final amendments to its regulation on investment duties under Section 404(a) of ERISA. The amendments will go into effect on January 30, 2023....more
On June 3, 2020, the U.S. Department of Labor issued an information letter concluding that a plan fiduciary would not violate ERISA’s fiduciary duties solely because the fiduciary offers a professionally managed asset...more
6/5/2020
/ 401k ,
Asset Management ,
Benefit Plan Sponsors ,
Defined Contribution Plans ,
Department of Labor (DOL) ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Fiduciary Duty ,
Private Equity ,
Private Equity Funds ,
Retirement Plan
As the COVID-19 pandemic continues to unfold, many employers are faced with questions about the impact of economic changes and workforce reductions on their compensation and benefits arrangements. This alert is intended to...more
4/10/2020
/ 401k ,
Benefit Plan Sponsors ,
CARES Act ,
Compensation & Benefits ,
Coronavirus/COVID-19 ,
Corporate Counsel ,
Defined Contribution Plans ,
Employee Benefits ,
Employer Contributions ,
ESOP ,
Furloughs ,
Investment Adviser ,
Investment Management ,
Layoffs ,
Pensions ,
Relief Measures ,
Retirement Plan