Retirement Plans, Milan Probe, EU Cartel Fines: ComplianceBloombergThe agency said it would grant an exception to required minimum distributions from retirement accounts in certain cases. Asset managers and insurers including BlackRock Inc. (BLK), State Street Corp. (STT), Prudential Financial Inc. (PRU), MetLife Inc.

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The newsletter covers select compliance deadlines and reminders, and retirement plan, health and welfare plan, and general developments. (Reinhart Boerner Van Deuren s.c.)

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ERISA Bond Reminder from Surety One. Is Your Plan in Compliance for 2012?MarketWatch (press release)Poindexter refers to the fidelity bond required by the Employee Retirement Income Security Act. The purpose of the bond is to provide protection from fraud or other dishonest acts committed by a plan's trustee(s). Generally, the bond must be equal to ...and more »

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Reviewing the history of your 401k plan creates a foundation for a good fiduciary compliance review - but may reveal cracks that need to be filled in first.

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"This calendar provides general key retirement plan compliance requirements common to most calendar year plans." (ERISAdiagnostics Inc.)

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"There are often discrepancies between a pension plan's governing documents and the plan's operations . . . . Such a discrepancy if not corrected pursuant to the terms of the governing documents, is described as an operational failure . . . . This article offers suggestions by which the [IRS] may lessen the burden on itself and conscientious plan sponsors, while improving compliance with (1) the tax-qualification rules of Section 401(a) of the [IRC] and (2) the similar provisions of [ERISA]." (Social Science Research Network)

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Employers that thought the Department of Labor (DOL) would be swayed by recent requests to push back the deadline for compliance with the 401(k) fee disclosure | %blog_title | No-nonsense Finance news and insights to ...

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"Some of these fiduciary issues require plan sponsor compliance; others are simply topics that are important to sponsors seeking to maintain their status as employers of choice." (The Vanguard Group, Inc.)

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"This survey of 409 employer offering a 401(k) or a 403(b) plan completed in September 2011 found that sponsors who partner with a Professional Retirement Plan Advisor enjoy superior retirement outcomes for their participants, superior understanding of fiduciary issues, improved plan designs, improved plan arrays, improved overall asset allocation among plan participants, more reasonable fees, and greater confidence in plan compliance and investment options." (Retirement Advisor Council / EACH Enterprise, LLC)

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"[T]he Towers Watson 2011 survey on qualified retirement plan governance finds that the process of decision making and oversight varies widely. While most employers are concerned with compliance, many are not taking all the steps available to manage the financial, organizational and other risks created by ineffective plan governance." (Towers Watson)

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