On Aug. 31, 2018, President Trump issued an Executive Order (EO) that focused on key initiatives to improve the retirement system, including: (1) multiple employer plans (MEPs); (2) retirement plan disclosures and notices; and (3) Required Minimum Distributions (RMDs). In step with the President’s orders, the Department of Labor (DOL) put forth an aggressive agenda related to retirement plan initiatives. Despite the changing leadership at the DOL, the agenda for the Employee Benefits Security Administration (an agency of the DOL led by Preston Rutledge), included: electronic disclosures, the DOL’s fiduciary rule (the most political of all), voluntary fiduciary correction program, and the associated retirement plan rules. Our 2019 Regulatory Update covers these topics and much more!
We recently hosted a webinar covering the regulatory impacts to retirement plans in 2019. It covers a majority of the material in our Regulatory Update narrative. In a short time, you will have the opportunity to manage risk by learning about those changes that impact retirement plans the most.