Keith R. McMurdy

The DOL this week published its highly anticipated proposed rule to expand the types of retirement advice covered by fiduciary protections. What will that mean for advisers and their employer clients?

Commentary: Yes, employers can distribute plan documents electronically, but they must follow the rules, and don’t assume intranet posting is enough — because it is not.

Commentary: Self-policing, self-reporting and self-correcting before there is an investigation gives plan sponsors and administrators a better opportunity to control the costs and mechanisms of the corrective process.

The 6th Circuit recently reversed Rochow v. Life Ins. Co. of N. America in an en banc opinion. The new decision determined that unless there is a showing that that the remedy for denial of benefits under 502(a)(1)(B) is inadequate to make plaintiff whole, equitable relief under Section 502(a)(3) is unavailable.

Back in November, the DOL issued FAQ Part 22, which directly addresses some recent efforts by employers to reimburse employees for participation in the exchange through Code Section 105, or through some type of other arrangement.