Investment managers who manage private employee benefit plan and individual retirement account (collectively, “Plan”) assets have long relied on Prohibited Transaction Class Exemption 84-14 (commonly referred to as the “QPAM...more
4/9/2024
/ Criminal Convictions ,
Department of Labor (DOL) ,
Employee Retirement Income Security Act (ERISA) ,
Federal Register ,
Internal Revenue Code (IRC) ,
Investment Management ,
IRS ,
Notification Requirements ,
QPAM ,
Recordkeeping Requirements ,
Registration Requirement ,
Retirement ,
Willful Misconduct
On March 10, 2022, the U.S. Department of Labor (the “DOL”) issued Compliance Assistance Release No. 2022-01 (the “Release”) regarding 401(k) plan participant-directed investments in cryptocurrencies. The Release “cautions...more
The U.S. Department of Labor (“DOL”) recently announced a proposed rule that would reverse existing regulations promulgated less than a year ago restricting ERISA plan fiduciaries’ ability to “consider climate change and...more