The Labor Department has issued its much-awaited proposal that would modernize retirement disclosures by providing a new safe harbor for employee benefit plan administrators to use electronic delivery for participant notices and disclosures.
The American Bankers Association today provided feedback to the ERISA Advisory Council (which reports to the Department of Labor) on the role of plan administrators and sponsors with respect to plan audits—including those performed under a limited scope audit engagement in which a bank custodian certifies the completeness and accuracy of investment information of plan assets held by the bank.
A comprehensive benefits program that includes an executive plan may tip the scales for candidates considering multiple job offers, according to a new study by Pentegra, which is endorsed by ABA for retirement plan services.
ABA joined seven other financial trade associations on Friday in a letter urging the Department of Labor to propose regulations to expand the use of electronic delivery for retirement plan disclosures and notices.
A new proposal from the Department of Labor today would allow small businesses to band together to offer 401(k) plans to employees like those offered by larger companies.
President Trump on Friday issued an executive order requiring the Treasury and Labor Departments to consider amendments to rules affecting retirement accounts, including employer plans and individual retirement accounts.
As economic growth continued, the number of unbanked Americans fell to 5 percent in 2017, according to the Federal Reserve’s 2017 Report on the Economic Well-Being of U.S. Households released today.
In a long-awaited move, the Securities and Exchange Commission today proposed two new rules and an interpretation to improve investors’ understanding of their relationships with investment advisers and broker-dealers.
The FDIC has proposed to rescind the former Office of Thrift Supervision’s rule on fiduciary powers of state savings associations and amend current FDIC regulations regarding consent to exercise trust powers to reflect their applicability to both state savings associations and state nonmember banks.
A panel of federal judges today vacated the Department of Labor’s fiduciary rule in its entirety, overturning a lower court ruling.