Department of Labor Expands Audit and Enforcement Focus, Imposing $1.27 Billion in Fines Excerpt: “According to the National Association of Plan Advisors, in the 12 months ending Oct. 1, 2012, more than 300 investigations resulting in $1.27 billion in fines were levied by the United States Department of Labor’s Employee Benefits Security Administration (EBSA). EBSA… Continue reading
ASPPA Urges SEC to Improve Disclosures
ASPPA and NAPA believe the proposal by the U.S. Securities & Exchange Commission (SEC) to create a ‘uniform fiduciary standard’ for broker-dealers and investment advisers will actually cause more – not less – confusion for retail customers.
Tax Expenditure Distributions Understate Impact of Nondiscrimination Rules
ASPPA’s Judy A. Miller responds to the Congressional Budget Office (CBO) report on tax expenditure distributions.
ASPPA & NTSA Request Changes to IRS Pre-approved Plans Program
ASPPA’s General Counsel Craig Hoffman issues comment letters to the IRS on their pre-approved plan programs.
ASPPA Requests Transitional Relief & Clarification of Disclosure Deadline
Craig Hoffman, ASPPA’s General Counsel talks about a comments filed with the Department of Labor requesting a one-time transitional realignment period for providing the “second round” of participant notices required under ERISA Reg. §2550.404a-5.