fiduciary issues

DOL Final Rule on QPAM Exemptions at OMB

The Office of Management and Budget has received a final rule from the Department of Labor titled “Proposed Amendment to PTE 84-14 for Plan Asset Transactions Determined by an Independent Qualified Plan Asset Manager”.

FuturePlan ERISA Team

DOL

Fiduciary Issues

Defined Contribution Plan

Defined Benefit Plan

HSA

IRA

DOL Releases Proposed Fiduciary Rule

The Department of Labor (DOL) has released a new proposed rule updating the definition of an investment advice fiduciary under ERISA.

FuturePlan ERISA Team

DOL

Legislative updates

Defined Contribution Plan

Fiduciary Issues

DOL Issues Advisory Opinion Regarding Investment Management Fees

The Department of Labor has responded to fiduciary responsibility questions from Citigroup Inc. (Citi) related to their Racial Equity Asset Manager Program.

FuturePlan ERISA Team

DOL

Defined Contribution Plan

Fiduciary Issues

Several Bills Amending ERISA Advance out of House Committee

The House Education and Workforce Committee held a mark-up of several proposals, including four bills. 

FuturePlan ERISA Team

Fiduciary Issues

IRA

Legislative updates

Defined Benefit Plan

Defined Contribution Plan

Several Amendments to ERISA Proposed in House

Several bills have been introduced in the House of Representatives that would make amendments to the Employee Retirement Income Security Act of 1974 (ERISA).

FuturePlan ERISA Team

Legislative updates

Fiduciary Issues

Defined Contribution Plan

Defined Benefit Plan

SEC Releases Cybersecurity Proposed Rule

The Securities and Exchange Commission (SEC) has issued a proposed rule to address cybersecurity risks.

FuturePlan ERISA Team

Fiduciary Issues

Resolution Disapproving DOL ESG Rule Passes House

A resolution for congressional disapproval of the Department of Labor’s rule “Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights” passed the House in a 216-204 vote.

FuturePlan ERISA Team

Fiduciary Issues

SEC Proposes Rule Changes to Custody of Investment Advisor Client Assets

The Securities and Exchange Commission (SEC) has issued a proposed rule “Safeguarding Advisory Client Assets.”

FuturePlan ERISA Team

Fiduciary Issues

SEC Finalizes Changes to Clearance and Settlement of Securities

The Securities and Exchange Commission (SEC) has issued a final rule “Shortening the Securities Transaction Settlement Cycle.”

FuturePlan ERISA Team

Fiduciary Issues

Federal Prime Interest Rate Increased to 7.75 Percent

Effective February 1, 2022, the federal prime interest rate increased from 7.50 percent to 7.75 percent.

FuturePlan ERISA Team

Fiduciary Issues

No Results