Archive by tag: Department of LaborReturn
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The DOL recently issued a proposed rule that would delay the applicability date of new disability claims procedure regulations by 90 days.
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Categories: Benefits in General, Compliance | Tags: disability , DOL , Department of Labor , proposed rule
Real estate giant Cushman & Wakefield Inc. is facing a class-action lawsuit from qualified beneficiaries alleging that the COBRA election notices they received were deficient and violated the COBRA regulations. This case provides an important reminder to employers and plan administrators that COBRA election notices must not only be timely sent to qualified beneficiaries, but the content of the notices must also contain all the requirements mandated by the COBRA regulations.
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Categories: Compliance | Tags: COBRA , Consolidated Omnibus Budget Reconciliation Act , Cushman , Cushman & Wakefield , Cushman and Wakefield , notice , department of labor , class action , lawsuit , court , case , legal
The DOL recently issued a Field Assistance Bulletin and FAQ guidance confirming that, after a delay from April 10, 2017, the new fiduciary rules and related prohibited transaction exemptions will become effective on June 9, 2017, with phased implementation through January 1, 2018.
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Categories: Compliance | Tags: DOL , Department of Labor , Field Assistance Bulletin , FAQ , fiduciary rules , fiduciary
On April 4, 2017, the DOL officially announced that it would delay the effective date of the new fiduciary rules and related prohibited transaction exemptions until June 9, 2017.
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Categories: | Tags: fiduciary , fiduciary rules , DOL , prohibited transaction exemptions , Department of Labor
The DOL released a proposed regulation last week that would delay the applicability date of the new fiduciary rules and related PTEs until June 9, 2017.
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Categories: Compliance | Tags: fiduciary , fiduciary rules , executive order , DOL , Department of Labor , HSA , Health Savings Accounts
President Trump recently issued an executive order instructing the Department of Labor to review new fiduciary rules that were scheduled to take effect on April 10, 2017. In relevant part, these fiduciary rules would modify the standard of care for institutions and individuals who provide investment advice or recommendations to IRA and HSA holders, provide a private cause of action for a breach of that standard of care and impose excise taxes for violations of certain prohibited transactions.
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Categories: Compliance | Tags: Fiduciary , Executive Order , fiduciary rules , DOL , Department of Labor , HSA , Health Savings Accounts