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Credit Suisse seeks sentencing delay until decision on asset management waiver
trueCredit Suisse is asking for its sentencing in a tax evasion case to be moved to at least Nov. 1 to give the U.S. Department of Labor enough time to decide whether to grant the bank a waiver to continue managing retirement plan assets.
GAO urges Form 5500 improvements
trueFederal pension regulators could do more to improve the reporting of investment and fee information on Form 5500, the Government Accountability Office said in a report issued Monday.
BNP Paribas seeks asset management exemption from DOL
trueBNP Paribas Investment Partners is seeking a regulatory exemption from the Department of Labor to retain its QPAM status to manage retirement plan assets.
DOL fee-disclosure guide upsetting DC record keepers
trueMembers of the defined contribution industry have had three months to try to digest a Department of Labor proposed rule on fee disclosure, and many of them are choking on it.
Rocaton system distills Form 5500 data
trueHave you absolutely had it with navigating your way through Department of Labor Form 5500 filings in search of information about U.S. corporate pension funds?
Labor Department proposal all about location
trueThe Department of Labor has proposed that service providers create a guide for defined contribution plans to identify where fee-disclosure information is located.
ERISA Advisory Council nominations sought
trueThe Department of Labor is looking for people to serve on its ERISA Advisory Council.
GreatBanc settles improper ESOP valuation case
trueGreatBanc Trust Co. agreed to pay $5.25 million to settle charges of improper valuation of the Sierra Aluminum Co. employee stock ownership plan.
Credit Suisse awaits DOL asset manager exemption
trueCredit Suisse is seeking permission to continue providing asset management services to retirement plans, after its banking entity pleaded guilty to helping U.S. citizens avoid taxes overseas.
DOL fiduciary rule delayed until 2015
trueA proposed rule updating the definition of a fiduciary will not come out in 2014, according to the Department of Labor regulatory agenda published May 23 in the Federal Register.
ERISA Industry Committee wants large DC plans exempt from fee-disclosure proposals
trueThe ERISA Industry Committee on Monday asked the Department of Labor to exclude large defined contribution plans from requirements in proposed regulations governing a guide to DC-plan fee disclosure.
ERISA Advisory Council to look at outsourcing and shift to a “non-ERISA” world in 2014
trueDepartment of Labor ERISA Advisory Council voted Wednesday to spend 2014 investigating outsourcing best practices for plan sponsors and the shift from retirement plans covered by the Employee Retirement Income Security Act to what council members called a “non-ERISA world.”
Changes announced for ERISA Advisory Council
trueSecretary of Labor Thomas Perez named five new members of the Department of Labor ERISA Advisory Council.
DOL proposes 401(k) plan fee-disclosure guide
trueThe Department of Labor Tuesday proposed a guide for navigating information provided by service providers, in an effort to help plan executives and fiduciaries of 401(k) defined contribution plans better understand the fees they are paying.
DC East speakers tout importance of education, communication
trueSuccess in achieving defined contribution plan goals can rely as much on how plan executives and service providers communicate as to what investment options they offer, plan designs they prepare, and products and services they develop