Tags » ERISA

DOL Will Not Pursue Claims Against Fiduciaries During Phased Implementation Period Ending on January 1, 2018

On May 22, 2017 the DOL published Field Assistance Bulletin No. 2017-02 which announced a temporary enforcement policy related to the Department of Labor’s final rule defining who is a “fiduciary” under ERISA and the related prohibited transaction exemptions (PTEs). 211 more words

P&A Group

NAIFA Advocacy Pays off - State Retirement Plans Now Fall under ERISA

A graduate of the University of Michigan, Michael Sordyl has served as a financial advisor with a number of firms throughout Ohio and Michigan for the last decade and currently works with the Ashley Group in Ohio. 134 more words

Michael Sordyl

Portions of the DOL Fiduciary Rule to go Forward on June 9, 2017

Contributed by Kelly Haab-Tallitsch, May 24, 2017

Secretary of Labor Alexander Acosta announced on Monday that portions of the controversial Department of Labor (DOL) fiduciary rule will go into effect as planned on June 9, 2017, with full implementation of the rule on January 1, 2018. 323 more words


Orzechowski v. Boeing Co. Non-Union Long-Term Disability Plan

District court should review ERISA plan administrator’s eligibility determination de novo since a California statute, which is not preempted by ERISA, bans clauses granting an insurer discretion to determine eligibility for policy benefits.  97 more words


States to persist with secure choice - Pensions & Investments

Despite congressional action, plans still moving forward

Congressional resolutions that unraveled safe harbors for states and cities to create retirement programs for private-sector employees accomplished two things: They stiffened those states’ resolve to push ahead, and they dramatized the urgency of finding a way to help what AARP estimates to be as many as 55 million workers who lack access to a retirement plan. 10 more words

Oregon Retirement Savings Plan

Five Questions about the DoL Fiduciary Rule

Hester Peirce, Senior Research Fellow and Director, Financial Markets Working Group at the Mercatus Center at George Mason University, discusses the arguments for and against the Fiduciary Rule—and its likely fate. 1,059 more words


Oregon Will Pursue State Plan Despite Impending Safe Harbor Repeal

Oregon Treasurer Tobias Read has expressed determination to continue pursuing OregonSaves, the state-run auto-IRA program for private sector workers, regardless of the U.S. Senate’s May 3 passage… 48 more words

U.S. Congress