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

Retirement Spotlight – DOL’s Final ESG Rule Clarifies Duties

In this latest guidance, the DOL amends the “Investment Duties” regulation.

FuturePlan ERISA Team

DOL

Retirement Spotlight

Defined Contribution Plan

Defined Benefit Plan

Fiduciary Issues

SEC “Hard Close” Proposal Published in Federal Register

The SEC proposed rule titled, Open-End Fund Liquidity Risk Management Programs and Swing Pricing; Form N-PORT Reporting, has been published in the federal register.

FuturePlan ERISA Team

Defined Contribution Plan

Fiduciary Issues

ESG Final Rule Published in Federal Register

The DOL’s final rule titled Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights has been published in the Federal Register.

FuturePlan ERISA Team

DOL

Defined Contribution Plan

Fiduciary Issues

DOL Releases ESG Final Rule

The Department of Labor (DOL) has announced the release of a final rule to remove barriers in considering environmental, social, and governance (ESG) factors in plan investments. 

FuturePlan ERISA Team

DOL

Defined Contribution Plan

Fiduciary Issues

DOL ESG Final Rule Has Left OMB

A final rule titled Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights submitted by the Department of Labor has left the Office of Management and Budget.

FuturePlan ERISA Team

DOL

Fiduciary Issues

PBGC Updates Mortality Tables for 2023

The Pension Benefit Guarantee Corporation has updated the ERISA Section 4044 Mortality Table to now include factors for 2023 valuation dates.

FuturePlan ERISA Team

Fiduciary Issues

PBGC Extends Comment Period for Withdrawal Liability Proposed Rule

The PBGC is extending the comment period for a proposed rule that would provide interest rate assumptions that may be used by a plan actuary in determining a withdrawing employer’s liability under a multiemployer plan.

FuturePlan ERISA Team

Legislative updates

Defined Contribution Plan

Fiduciary Issues

PBGC Proposes Modifications to Form 5500 Schedule R and SB Reporting

The PBGC has submitted to the Office of Management and Budget an information collection request and extension related to Form 5500 series annual reporting requirements.

FuturePlan ERISA Team

Legislative updates

Defined Contribution Plan

Fiduciary Issues

SEC Re-Proposes Mutual Fund “Hard Close”

The SEC has released a proposed rule titled “Open-End Fund Liquidity Risk Management Programs and Swing Pricing; Form N-PORT Reporting.”

FuturePlan ERISA Team

Legislative updates

Defined Contribution Plan

Fiduciary Issues

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