ERISACode / StatuteJan 6, 2025related by meaning
…n year after 2008, the amount of such balance credited under paragraph (2) (if any) in reducing the minimum required contribution of the plan for the preceding plan year, and
(f)(6)(C)(ii) (ii) as of the time specified in paragraph (5)(A), any reduction in such balance elected under paragraph (5).
(f)(7) (7) Funding st…
82 FR 7336 — Proposed Best Interest Contract Exemption for Insurance Intermediaries ERISAProposed Rules (FR)Proposed Jan 19, 2017
…ndicated they are at the highest level of an insurance company's distribution hierarchy, or at the “top-tier” or “top-level.” As top-level IMOs, most applicants represented that they oversee independent, insurance-only agents or sub-IMOs (which in turn oversee independent insurance-only agents), or both. This oversight…
89 FR 5624 — Automatic Portability Transaction Regulations ERISAProposed Rules (FR)Proposed Jan 29, 2024★ strong match
…th less than $7,000, there are related data that are useful in the construction of an estimate. The Employee Benefit Research Institute (EBRI) reported that in 2020, 40 percent of 401(k) plan accounts with balances had less than $10,000 in their accounts and 28 percent had less than $5,000 in their account.[87]
The Dep…
79 FR 58720 — Electronic Filing of Notices for Apprenticeship and Training Plans and Statements for Pension Plans for Certain Select Employees ERISAProposed Rules (FR)Proposed Sep 30, 2014
…nsured pension plans established for a select group of management or highly compensated employees (“top hat” plans).[2] Under the alternative method of compliance, the administrator of a top hat plan will satisfy the requirements for the reporting and disclosure provisions of Part 1 of Title I by filing a statement wit…
ERISACode / StatuteJan 5, 2015related by meaning
(b) (b) Liability for contributions
(b)(1) (1) In general Except as provided in paragraph (2), the amount of any contribution required by this section (including any required installments under paragraphs (3) and (4) of section 1083(j) of this title or under section 1085a(f) of this title) shall be paid by the employer…
ERISACode / StatuteJan 6, 2025related by meaning
…his paragraph) have an accumulated funding deficiency (determined without regard to the alternative minimum funding standard account permitted under subsection (e)) in excess of the full funding limitation—
81 FR 47534 — Proposed Revision of Annual Information Return/Reports ERISAProposed Rules (FR)Proposed Jul 21, 2016★ strong match
ny elections to use the funding standard carryover balance and/or prefunding balance to offset the minimum required contribution
( printed page 47657) are irrevocable. Under this exception, such an election may be revoked to the extent that the amount of the election exceeds the minimum required contribution for the pl…
84 FR 27952 — Electronic Filing of Notices for Apprenticeship and Training Plans and Statements for Pension Plans for Certain Select Employees ERISAFinal Rules (FR)Jun 17, 2019
…ery. The final rule replaces the paper-based filing of apprenticeship and training plan notices and top hat plan statements with an electronic filing system. No substantive changes have been made to the notices and statements. On average, the Department annually receives approximately 57 apprenticeship and training pla…
ERISACode / StatuteJan 6, 2025related by meaning
…s, or
(c)(6)(A)(ii)(II) (II) the value of such assets determined under paragraph (2).
(c)(6)(B) (B) Minimum amount
75 FR 2068 — Definition of “Plan Assets”-Participant Contributions ERISAFinal Rules (FR)Jan 14, 2010★ strong match
f the float gain would be less than one-quarter of one percent of employee contributions.
Back to Citation
12.
See
fn.6, supra.
Back to Citation
13. While several commenters questioned the Department's assumption that employers currently meeting the safe harbor in some, but not all, pay periods would have to make on…
89 FR 32122 — Retirement Security Rule: Definition of an Investment Advice Fiduciary ERISAFinal Rules (FR)Apr 25, 2024
…erest release, 84 FR 33318, 33330 (July 12, 2019) (noting that Regulation Best Interest “draws from key fiduciary principles underlying fiduciary obligations” and that the “key elements of the standard of conduct that applies to broker-dealers under Regulation Best Interest will be substantially similar to key elements…
ERISAFinal Rules (FR)May 17, 2024related by meaning
fine what is considered a de minimis amount of delinquent contributions, for purposes of the requirement to collect the contributions described above. The first test focuses directly on the amount of contributions owed to the plan and provides that delinquent contribution amounts are de minimis if they are $2,000 or le…
91 FR 46602 — Electronic Disclosure by Group Health Plans Under ERISA ERISAProposed Rules (FR)Proposed Jul 23, 2026
tion
71.
Kenesa Ahmad,
The Top Five Reasons to Favor Electronic Disclosure,
American Society of Pension Professionals & Actuaries (November 2, 2017), https://www.asppa-net.org/news/2017/11/top-five-reasons-favor-electronic-disclosure//.
Back to Citation
72.
SHRM,
Request for Information on SECURE 2.0 Section 319…
87 FR 73822 — Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights ERISAFinal Rules (FR)Dec 1, 2022
… The bottom quintile of E, S, G, and composite ratings tend to have more stock drawdowns than their top quintile, especially when it comes to large drawdowns. From 2007 to 2019, the bottom quintiles of E, S, G, and composite scores all performed worse than their top quintile. In this longer run analysis, E, S, and G sc…
86 FR 57272 — Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights ERISAProposed Rules (FR)Proposed Oct 14, 2021
…ectively if one or more members on the team represent the user's demographic.[122]
Companies in the top-quartile for gender diversity on executive teams were 21% more likely to outperform on profitability. Companies in the top-quartile for ethnic/cultural diversity on executive teams were 33% more likely to have indust…
79 FR 13949 — Amendment Relating to Reasonable Contract or Arrangement Under Section 408(b)(2)-Fee Disclosure ERISAProposed Rules (FR)Proposed Mar 12, 2014
…the amendment instead should require that covered service providers furnish a summary of specified “key” disclosures. If so, what “key” information warrants inclusion in a summary? How costly would it be to prepare a summary and who would bear its costs? Would these costs decrease significantly after an initial transit…
84 FR 56894 — Default Electronic Disclosure by Employee Pension Benefit Plans Under ERISA ERISAProposed Rules (FR)Proposed Oct 23, 2019
…order to enhance the disclosures that are provided to mutual fund investors. The amendments require key information to appear in plain English in a standardized order at the front of a mutual fund statutory prospectus. The amendments also permit persons to satisfy their mutual fund prospectus delivery obligations under…
85 FR 82798 — Prohibited Transaction Exemption 2020-02, Improving Investment Advice for Workers & Retirees ERISAFinal Rules (FR)Dec 18, 2020
… fiduciary standard under the Advisers Act,” it also said, “[a]t the time a recommendation is made, key elements of the Regulation Best Interest standard of conduct that applies to broker-dealers will be similar to key elements of the
( printed page 82823)
fiduciary standard for investment advisers.” [101]
Although the…
89 FR 23090 — Amendment to Prohibited Transaction Class Exemption 84-14 for Transactions Determined by Independent Qualified Professional Asset Managers (the QPAM Exemption) ERISAFinal Rules (FR)Apr 3, 2024
…ir participants and beneficiaries, and IRA owners. Because the Department relies upon the QPAM as a key protection against such improper conduct and the threat posed by conflicts of interest, it is critically important that the QPAM, and those who are in a position to influence its policies, maintain a high standard of…
86 FR 51488 — Proposed Revision of Annual Information Return/Reports ERISAProposed Rules (FR)Proposed Sep 15, 2021★ strong match
…ically, because section 112 provides that long-term, part time workers that have reached the plan's minimum age requirement and worked at least 500 hours in each of three consecutive 12-months period must be permitted to make elective contributions to a section 401(k) qualified cash or deferred arrangement for plan yea…