Benefits Blast

On April 3, 2024, the U.S. Department of Labor (Department) published its final amendment (the Final Amendment) to Prohibited Transaction Class Exemption 84-14 (the QPAM Exemption or Exemption). 

The U.S. Department of Labor (Department) has released a policy statement and a Questions and Answers – Part Two (FAQ) in reaction to the district court for the District of Columbia’s ruling in State of New York v. U.S. DOL of Labor, which vacated a key part of the Department’s final regulations expanding the availability of association health plans (AHPs).

For most plan sponsors, October 15 is the extended deadline for filing the Form 5500 with the U.S. Department of Labor (DOL). As the deadline approaches, plan sponsors often spend considerable time working with the auditor to obtain the final audit report.

Yesterday, in Field Assistance Bulletin No. 2018-02, the Department of Labor’s Employee Benefit Security Administration  issued a temporary non-enforcement policy with regard to the ERISA Fiduciary Rule.

The U.S. Department of Labor’s Employee Benefits Security Administration recently issued Field Assistance Bulletin No. 2018-01, in part intended to provide guidance to EBSA national and regional offices on prior DOL Interpretive Bulletins that addressed the appropriate role of environmental, social and governance factors when making plan investment decisions.