As described in our recent blog posts, the Department of Labor (“DOL”) recently issued guidance in the form of FAQs to address questions concerning the practical application of PTE 2020-02, Improving Investment Advice for...more
6/1/2021
/ Department of Labor (DOL) ,
Fiduciary Duty ,
Financial Institutions ,
Health and Welfare Plans ,
Insurance Industry ,
Investment ,
Investment Adviser ,
New Guidance ,
Prohibited Transactions ,
PTEs ,
Regulatory Agenda ,
Retirement Plan
On December 18, 2020, the Department of Labor (“DOL”) adopted PTE 2020-02 Improving Investment Advice for Workers & Retirees (“PTE 2020-02”), a new prohibited transaction exemption related to fiduciary investment advice...more
5/20/2021
/ Department of Labor (DOL) ,
Employee Retirement Income Security Act (ERISA) ,
Exemptions ,
Fiduciary ,
Fiduciary Duty ,
Financial Institutions ,
Individual Retirement Account (IRA) ,
Internal Revenue Code (IRC) ,
Investment ,
Investment Adviser ,
Investors ,
Prohibited Transactions ,
PTEs ,
Retirement Plan
On March 10, 2021, the Department of Labor’s Employee Benefits Security Administration (EBSA), the agency charged with interpreting and enforcing ERISA, announced that it will not enforce the Trump-era “Financial Factors in...more
The Department of Labor (DOL) recently issued guidance in the form of an Information Letter describing the process that plan fiduciaries should undertake in determining whether an investment fund having a private equity...more
10/14/2020
/ 401k ,
Corporate Counsel ,
Department of Labor (DOL) ,
Diversification Requirements ,
Employee Retirement Income Security Act (ERISA) ,
Fiduciary Duty ,
Information Letters ,
Investment ,
Liquidity ,
Oversight Duties ,
Private Equity ,
Retirement Plan ,
Valuation