TITLE

Taking off the training wheels: DOL to shift toward stricter enforcement of 403(b) regs

AUTHOR(S)
KOSTER, KATHLEEN
PUB. DATE
August 2011
SOURCE
Employee Benefit News;Aug2011, Vol. 25 Issue 10, p42
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the enforcement of 415 regulations for reporting and coverage requirements for 403(b) plans by the U.S. Department of Labor (DOL), under the Pension Protection Act of 2006. It says that a 403(b) plan sponsor should determine whether they are protected or are subjected to the U.S. Employee Retirement Income Security Act of 1974 (ERISA). Brad Campbell, former head of the Employee Benefits Security Administration, recommends fiduciaries preferring not to be covered by ERISA.
ACCESSION #
64362357

 

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