Archive by tag: fiduciaryReturn
RSS
On June 9, 2017, new Department of Labor regulations (“Fiduciary Rules”) took effect which expand the categories of persons who may now be considered plan “fiduciaries” under ERISA and the Internal Revenue Code. The new Fiduciary Rules broaden the definition of plan “fiduciary” to include persons who provide investment advice to account holders of Individual Retirement Accounts and Health Savings Accounts (“HSAs”). As such, the new Fiduciary Rules have important implications for HSA ser...
Read More
Categories: Benefits in General, Compliance | Tags: HSA , Health Savings Accounts , fiduciary rules , fiduciary , service provider , employer , TPA , third-party administrator , third party administrator , invest , advice , recommendation
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.
Read More
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.
Read More
Categories: | Tags: fiduciary , fiduciary rules , DOL , prohibited transaction exemptions , Department of Labor
Although April 10, 2017 is fast approaching, the DOL has still not finalized its proposed extension to the effective date of the new fiduciary rules. To defray mounting concern, confusion and uncertainty among financial services institutions and investors, the DOL and IRS have issued temporary policies relating to the proposed delay of the new fiduciary rules and related prohibited transaction exemptions.
Read More
Categories: Compliance | Tags: fiduciary rules , IRS , DOL , Field Assistance Bulletin No. 2017-01 , Announcement 2017-4 , fiduciary
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.
Read More
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.
Read More
Categories: Compliance | Tags: Fiduciary , Executive Order , fiduciary rules , DOL , Department of Labor , HSA , Health Savings Accounts
Location (map)
1350 Deming Way, Ste 300
Middleton, WI 53562-4640

Mail Address
PO Box 44347
Madison, WI 53744-4347