What has changed with the U.S. Department of Labor’s (DOL) final regulations and certain prohibited transaction exemptions (PTEs)? Is it really that bad even for plan sponsors, as we hear from the many critics of the DOL’s...more
5/7/2024
/ Benefit Plan Sponsors ,
Best Interest Standard ,
Conflicts of Interest ,
Department of Labor (DOL) ,
Employee Retirement Income Security Act (ERISA) ,
Exemptions ,
Fiduciary ,
Fiduciary Rule ,
Internal Revenue Code (IRC) ,
Investment Adviser ,
Prohibited Transactions ,
QPAM ,
Securities and Exchange Commission (SEC)
Is Illinois the precursor to mandatory retirement savings programs across the country the way that Massachusetts was for mandatory health care? Illinois has become the first state to require that private-sector employers...more
The summer of 2014 has brought further guidance for health plan coverage in the U.S. territories and for retirement plan coverage in Puerto Rico. Issuers and employer sponsors of Puerto Rico group health plans and employer...more
The Puerto Rico Department of the Treasury (the Hacienda) recently issued Circular Letter No. 13-02, formally extending the deadlines for the adoption of amendments and the filing for determination letters with the Hacienda....more