Retirement plan fiduciaries have experienced significant changes over the last decade. We can attribute some of those changes to the Department of Labor’s regulatory and enforcement agenda, including the impact of increasing fee transparency, expanding the definition of fiduciary, and emphasizing the importance of cybersecurity.
The Advocate Newsletter: ESG Regulation and Northwestern Litigation Updates
While we work to assess opportunities provided by the SECURE 2.0 Act of 2022 and await related governmental agency guidance, two additional developments merit additional discussion. Congress, President Biden, and the Federal courts have all had fiduciary items on their mind.
The Advocate Newsletter: SECURE 2.0 FAQs
The SECURE 2.0 Act of 2022 will expand the retirement plan toolkit available to employers that desire to enhance the plans available for their employees. As the new provisions become effective and as employers plan for the future, questions naturally arise.
The Advocate Newsletter: Plan Corrections: SECURE Act 2.0 Provides Additional Tools
The SECURE Act 2.0 of 2022 provides plan sponsors with a number of additional tools to enhance the attractiveness and effectiveness of their retirement plans.
The Advocate Newsletter: Unpacking the SECURE 2.0 Act of 2022
In December of 2019, before COVID was in our daily vocabulary, President Trump signed the Setting Every Community Up for Retirement Enhancement Act. The SECURE Act sought to increase access to retirement savings accounts and to protect American workers from outliving their retirement assets.
The Advocate Newsletter: To ESG or Not ESG?
It has been widely reported that the Department of Labor (DOL) has published its new Environmental, Social, and Governance (ESG) final regulation. Depending on one’s perspective, that characterization ranges from somewhat accurate to quite inaccurate.
The Advocate Newsletter: ERISA Attorney Talk – Lots to Talk About
As we work closely with plan sponsors and participants in a challenging environment, we encounter common themes on the regulatory, plan administration, M&A, and data security fronts. We’ll provide fiduciary education around those items and an update on potential regulatory and legislative changes coming soon.
The Advocate Newsletter: Fiduciary Responsibilities in Challenging Markets
We’ve not been so lucky in 2022, as inflation has run rampant, equity markets have struggled mightily, and bond markets have offered no place to hide.
The Advocate Newsletter: Fiduciary Lessons from Recent Litigation
With litigation ramping up, the courts are providing guidance that will help #fiduciaries protect their plans and themselves. Our experts get into the details on this topic in this month’s Qualified Plan Advocate Newsletter. Check it out!
The Advocate Newsletter: The IRS Throws a Curveball
Earlier this summer, the Internal Revenue Service (IRS) surprised the retirement plan world when it announced a new approach for narrowing the universe of plans seemingly worthy of its investigatory and audit resources. If your organization receives a letter under this new program, what will you do? Will you be prepared to respond? What if the answer is no?