The U.S. Department of Labor’s (DOL) new model forms for Family and Medical Leave Act (FMLA) administration are now available, but don’t expect any substantive change. Only the expiration date has changed.
The U.S. Department of Labor (DOL)’s guidance for locating missing participants in the event of a plan termination has become more widely accepted for finding such participants in a variety of scenarios. But the guidance does not clearly state at what point the retirement plan fiduciary has met its obligation to track down missing participants […]
Federal agency audits are never far from the minds of employer retirement plan sponsors and their third-party administrators (TPAs), but knowing which recurring errors and internal controls most interest the Department of Labor (DOL) and the Internal Revenue Service (IRS) right now can be helpful in avoiding or preparing for such inquiries.
The U.S. Department of Labor’s (DOL) fiduciary rule was laid to rest June 21 when the U.S. Court of Appeals for the 5th Circuit issued a final mandate to vacate the regulation aimed at expanding the definition of an investment advice fiduciary.
Those with eagle eyes and current FMLA administration needs may have noticed the May 31, 2018, expiration of several model DOL forms. Never fear, fresh forms—now sporting a June 30, 2018, expiration—are now available from the DOL. Aside from the one-month expiration extension, no other changes have been made to the forms.
The U.S. Department of Labor (DOL) confirmed that neither it nor the Internal Revenue Service (IRS) would punish prohibited transaction exemption (PTE) violations by investment advice professionals who are fiduciaries working in good faith to comply with impartial conduct standards.
The U.S. Department of Labor (DOL) is reportedly planning to change rules on youth employment so that more teens would be allowed to train to work in jobs deemed hazardous. But attorneys focusing on employment law issues warn that even if the change takes place, employers will still need to keep safety a priority and […]
The U.S. Department of Labor (DOL) proposed a new round of guidance on the Mental Health Parity and Addiction Equity Act (MHPAEA), elaborating on the law’s application to various plan design features that may be deemed to treat mental health benefits unfairly.
The Securities and Exchange Commission (SEC) on April 18 disclosed its own proposals for new conflict-of-interest standards for the way in which financial advisers and broker-dealers identify themselves and sell products for fees to retail investors.
As we previously reported, last June the U.S. Department of Labor (DOL) announced that it would reinstate the use of Opinion Letters, an interpretive practice that had been replaced by the issuance of Administrator Interpretations during the Obama years.