Legislative and Regulatory Updates

The rules of the road in the retirement industry are constantly evolving. Staying on top of the latest developments is critical in managing your retirement business. Check here for regular updates—we'll explain how the rules have changed…and what it means to your business.

Limits for Retirement Accounts

On October 23, 2014 the IRS released IR-2014-99 which sets forth the cost-of-living adjustments (COLAs) applicable to retirement plans for 2015. In addition, the Social Security Administration has announced the Social Security taxable wage base for 2015 has increased. Please note that some of the limits listed below will change for 2015.

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DOL Releases Final Service Provider Fee Disclosure Rules (February 2012)

On February 2, 2012, the Department of Labor (DOL) released the final service provider fee disclosure rules—also known as the 408(b)(2) rules—which will become effective on July 1, 2012. Essentially, the rules will require certain service providers to ERISA plans, before entering into a contract with a plan, to give a written disclosure to the plan sponsor of all direct and indirect compensation that they expect to receive. For existing contracts, covered service providers must provide all of the required information to their ERISA plan clients by July 1, 2012.

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Retirement Plan Laws and Regulations: Quick Reference Guide

The vocabulary of retirement plan professionals is full of numbers and letters—shorthand for technical requirements, plan features or services. Find helpful descriptions of the most commonly cited sections of the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code (IRC).

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DOL Finalizes Participant Investment Advice Regulations (November 2011)

The Department of Labor issues final rules governing service providers' ability to give investment advice to defined contribution (DC) plan participants, closing the loop on the investment advice provision in the 2006 Pension Protection Act (PPA).

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DOL's Proposed Fiduciary Rule Prompts Strong Reaction (March 2011)

The Department of Labor (DOL) receives a strong reaction from the financial services community with its proposal to redefine what constitutes a fiduciary under the Employee Retirement Income Security Act (ERISA).

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Testimony on Alternative Designs of Lifetime Income Options (September 2010)

Mark Fortier, Head of Product & Partner Strategy for AllianceBernstein Defined Contribution Investments, speaks to the Departments of Labor and Treasury about AllianceBernstein's views on lifetime-income options within a company's (DC) plan.

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Proposed SEC Rules Would Require Enhanced Target-Date Fund Disclosure (July 2010)

The Securities and Exchange Commission (SEC) votes unanimously to propose new rules for target-date fund marketing materials. In its view, these rules would reduce the potential for investor confusion about target-date funds—providing more clarity on issues like the glide path, risk profile and the meaning of the date in the funds' names.

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DOL Proposes New Participant Investment Advice Regulations (March 2010)

The Department of Labor announces the pending publication of a new proposed regulation for providing investment advice to DC plan participants. The unusually high visibility of the proposed regulation's launch and the changes it would make to regulations issued by the Bush administration garner significant attention.

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Understanding the Pension Protection Act of 2006 (June 2008)

The Pension Protection Act of 2006 paves the way for sweeping changes that can improve the retirement benefits of millions of American workers. The main focus is pension reform, but provisions for improving DC plans may have more far-reaching consequences. Read a quick recap of the most important provisions for DC plans, including recent Department of Labor (DOL) rulings that clarify them.

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