How to get a head start on the day’s business law news at the click of a button? Sign up for email delivery of the JD Supra Corporate Brief: Want to know how your company’s internal compliance reporting compares to that of corporations around the globe? Read this 19-page report… (NAVEX Global) Hey look –… Read more »
Today’s forecast: partly cloudy with a chance of law news: Will California lawmakers succeed in keeping fracking out of the state? (LXBN) Could President Obama’s proposed new cap on tax-favored retirement benefits do a lot more harm than good? (Osler) According to FINRA, employee social media privacy laws may conflict with securities regulations and threaten… Read more »
“ERISA treats all members of a ‘controlled group’ as a single employer for purposes of its provisions imposing liability on employers in connection with the termination of an underfunded single employer pension plan or a withdrawal from an underfunded multi-employer pension plan. As a result, if an employer terminates or withdraws from an underfunded pension… Read more »
In early February, the Department of Labor issued its final rule regarding fee disclosures by service providers to Employee Retirement Income Security Act (ERISA) plans. For your reference, here is a roundup of legal advisories on the final rule and related regulatory developments: DOL Finalizes ERISA Disclosure Requirements for Retirement Plan Service Providers (Sutherland Asbill… Read more »
em While you were working, the Department of Labor changed the rules governing disclosure of fees and providing investment advice to participants in ERISA, 401(k), and other retirement plans. For your reference, here’s a roundup of commentary and analysis on the DOL’s revised regulations, from lawyers and law firms on JD Supra: On Investment Advice… Read more »
“Democrat and Republican lawmakers don’t agree on much, but many of them have protested to the [Department of Labor] about this fiduciary definition change because Wall Street money does go a long way.” (From The Changing Definition of Plan Fiduciary and Why Plan Sponsors Should Care by The Rosenbaum Law Firm P.C.) Under intense pressure… Read more »
For your reference, here’s what law firms on JD Supra are telling us what to think about recent Department of Labor ERISA-related developments: Deadline Extension for ERISA Disclosures Extension of Applicability Dates for New ERISA Disclosure Rules (Morgan Lewis): “On July 13, the Department of Labor (DOL) announced a final rule extending the compliance dates… Read more »
