Karen Simonsen

McDermott Will & Emery

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DOL Issues Guidance on Plan Asset Status of Revenue Sharing Payments

The U.S. Department of Labor (DOL) recently issued guidance on whether accounts holding revenue sharing payments constitute “plan assets” under ERISA. Prior to the issuance of the DOL guidance, it was unclear whether these...more

8/20/2013 - DOL ERISA Fiduciary Duty Recordkeeping Requirements Revenue Sharing

DOL Permits Plan Administrators to Reset Annual Fee Disclosure Deadline

The United States Department of Labor (DOL) recently issued guidance that gives administrators of defined contribution plans a one-time opportunity to reset their deadline for providing participants with the plan’s required...more

8/16/2013 - 401k Benefit Plan Sponsors Deadlines DOL Fee Disclosure

DOL Releases Informal Guidance Addressing Fiduciary Responsibilities With Respect to Target Date Funds

Recent U.S. Department of Labor (DOL) guidance underscores the need for plan fiduciaries to rigorously examine and monitor target date fund (TDFs), and potentially explore the use of custom or non-proprietary TDFs....more

3/18/2013 - DOL Due Diligence Fiduciary Duty SEC TDFs

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