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Benefit Plan Sponsors › Office of Management and Budget

Faegre Drinker Biddle & Reath LLP

The New Fiduciary Rule (23): The Final Rule Has Been Sent to the OMB

Faegre Drinker Biddle & Reath LLP on

In November 2023, the U.S. Department of Labor released its package of proposed changes to the regulation defining fiduciary advice and to the exemptions for conflicts and compensation for investment recommendations to...more

Faegre Drinker Biddle & Reath LLP

The DOL’s Regulatory Agenda and a New Fiduciary Rule

Faegre Drinker Biddle & Reath LLP on

The DOL has not appealed the decision in the Florida Federal District Court that vacated its fiduciary “re-interpretation.” That re-interpretation, in effect, said that ongoing investment advice to a rollover IRA could be...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

We will get PEP guidance soon

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on

With less than six months before the launch of pooled employer plans (PEPs) comes word that the Department of Labor (DOL) has some proposed regulations on tap....more

Fisher Phillips

A Second Bite At The Apple: EEOC Releases Plan For New Wellness Program Rule

Fisher Phillips on

Is the EEOC finally ready to replace its invalidated rule allowing employers to incentivize participation in employer-sponsored wellness programs? Just maybe. Late last week, the EEOC voted 2-1 to send a notice of proposed...more

Pillsbury Winthrop Shaw Pittman LLP

Possible Further Delay of ERISA Fiduciary Rule

Pillsbury Winthrop Shaw Pittman LLP on

On August 9, 2017, the Department of Labor (DOL) and Secretary of Labor, Alexander Acosta, submitted a proposal to the Office of Management and Budget (OMB) to further delay the applicability date of certain parts of the...more

Katten Muchin Rosenman LLP

Sign of Future Changes? DOL Proposes 18-Month Extension of Transition Period for Compliance With ERISA "Fiduciary Investment...

Katten Muchin Rosenman LLP on

On August 9, the US Department of Labor (DOL) announced in a court filing that it has proposed an 18-month extension of the full implementation of the Best Interest Contract Exemption (the "BIC Exemption") under the ERISA...more

Seyfarth Shaw LLP

REMINDER – IRS Questions on Form 5500 Not Required to be Answered

Seyfarth Shaw LLP on

Earlier this year, the IRS announced that it had failed to receive Office of Management and Budget approval and that, consequently, certain questions it had added to the Form 5500 series were not required to be answered by...more

Snell & Wilmer

IRS: Don’t Answer All the 5500 Questions!

Snell & Wilmer on

The 2015 Form 5500 added some new optional compliance questions for the 2015 Forms 5500 and 5500-SF. In December 2015, the IRS issued frequently asked questions on the new compliance questions and strongly encouraged plan...more

Morgan Lewis

DOL Sends Proposed Conflict of Interest Rule to OMB for Review

Morgan Lewis on

The White House backs a “fiduciary rule” for IRAs. The U.S. Department of Labor (DOL) has sent its proposed “Conflict of Interest Rule-Investment Advice” to the president’s Office of Management and Budget (OMB) for...more

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