On November 21, 2022, the US Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) released a proposed amendment and restatement of the Voluntary Fiduciary Correction Program (VFCP), along with a...more
12/20/2022
/ Benefit Plan Sponsors ,
Department of Labor (DOL) ,
EBSA ,
Employee Retirement Income Security Act (ERISA) ,
Enforcement Actions ,
Fiduciary Duty ,
IRS ,
Penalties ,
Prohibited Transactions ,
Proposed Amendments ,
PTEs ,
Self-Correction Programs
The US Department of Labor (DOL) recently issued guidance concerning a new exemption under the prohibited transaction provisions of the Employee Retirement Income Security Act of 1974 (ERISA) in connection with the provision...more
7/16/2021
/ Banks ,
Broker-Dealer ,
Department of Labor (DOL) ,
Disclosure ,
Employee Retirement Income Security Act (ERISA) ,
Employees ,
Exemptions ,
Fiduciary ,
Fiduciary Duty ,
Individual Retirement Account (IRA) ,
Insurance Industry ,
Internal Revenue Code (IRC) ,
Investment ,
Investment Adviser ,
New Guidance ,
Personal Representatives ,
Prohibited Transactions ,
Retirement Plan