Archive for June, 2018

The Proposed DOL Fiduciary Rule – Update

The Proposed DOL Fiduciary Rule – Update By Mark Ries On June 21, the 5th Circuit Court of Appeals issued a mandate vacating the US Dept. of Labor’s proposed ERISA fiduciary rule effectively ending any speculation about its future. With the proposed rule changes no longer on the table, the DOL’s previous regulation dating back to 1975 will again be…read more →

Do we need to adopt a loan policy?

Q & A from a former practicing ERISA attorney Q: Do we need to adopt a loan policy? A: It is a plan/legal determination as to whether a separate loan policy is required. However, the following loan provisions should be documented: 1.The identity of the person authorized to administer the participant program; 2.The procedure for applying for loans; 3.The standards…read more →

Should I distribute the Fiduciary Investment Review to plan participants?

Q & A from a former practicing ERISA attorney Welcome to our new question and answer feature. Periodically we will be posting a Q&A segment that will feature plan sponsor questions by former practicing ERISA attorney Joel Shapiro. Q: Should I distribute the Fiduciary Investment Review to plan participants? A: I appreciate your desire to provide detailed information to your…read more →