Tag: guidance

Make Sure You Take Sufficient Steps to Find Missing Participants

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 […]

retirement

DOL Continues Fiduciary Rule Enforcement Relief, But Confusion Remains

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.

An Internal Plan Audit Team Essential for Anticipating Changes

Ensuring that an employer’s 401(k) plan is being administered in accordance with its terms and applicable law is a fundamental fiduciary responsibility. This includes complying with the Internal Revenue Code, the Employee Retirement Income Security Act (ERISA), and the regulations under both.

future

Workers Indicate Need for More Education and Guidance on Health Care

A new survey conducted among 1,100 American workers reveals their need for education and guidance when it comes to their healthcare benefits.   The survey, conducted by Zogby Analytics on behalf of WEX Health, a healthcare financial technology platform provider, sought information about how consumers view and engage with their healthcare benefits by asking workers about […]

depression

DOL Expands on MHPAEA Guidance for Applying Treatment Limits

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.