Unfortunately, many employers don’t consider how to handle missing participants’ account balances or how to prevent losing track of participants in the first place.
The DOL’s EBSA has confirmed that prohibited transaction exemption 2020-02 entitled, “Improving Investment Advice for Worker & Retirees,” will take effect on February 16.
The DOL Wage and Hour Division has proposed a delay of the effective date for final regulations on independent contractor status.
The DOL addresses how financial organizations or professionals can receive certain compensation that would otherwise violate the prohibited transaction rules.
The EBSA has released a three-part guidance package for retirement plan fiduciaries dealing with missing or unresponsive participants.
Final regulations, entitled Independent Contractor Status Under the Fair Labor Standards Act, have been published in the Federal Register.
The DOL has issued an update to its Q & A guidance on paid employee leave under provisions of FFCRA.
Final Independent Contractor Status Under the Fair Labor Standards Act regulations issued by the DOL have been received by the OMB.
Investment Advice Fiduciary Class Exemption Published, Effective Date Set
The EBSA has issued the long-awaited Prohibited Transaction Exemption providing guidance to investment advisors who counsel retirement and other investors.