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Craig Hoffman

By Craig Hoffman1/12/2015 • 0 Comments

A regulation that would allow for a “window” period for giving out the annual notice required in most 401(k) plans appears to be heading for a spring 2015 publication date — and that could be good news for your plan sponsor clients.

By Craig Hoffman12/1/2014 • 0 Comments

Just ahead of the Thanksgiving holiday, industry headlines proclaimed that the long-awaited fiduciary regulation reproposal was likely to be published in January. But that “call” may have been premature.

By Craig Hoffman11/18/2014 • 0 Comments

Just when plan administrators were beginning to feel comfortable with their procedures for participant benefit statements, changes are in the offing.

By Craig Hoffman10/2/2014 • 1 Comments

The U.S. Supreme Court has agreed to review the Tibble v. Edison Int’l case, it was announced Oct. 2. One of the many “excessive fee” cases being pursued through the federal court system, Tibble arose in California and was the subject of a 9th Circuit Court of Appeals decision last year.

By Craig Hoffman3/12/2014 • 0 Comments

The Department of Labor released its long-promised proposal to require that a guide or summary accompany a covered service provider’s 408(b)2) disclosures on March 11. The final 408(b)(2) regulations, which became effective July 1, 2012, left this question open, with the DOL promising to revisit the issue in the future. Release of the March 11 proposed rule makes good on that promise.

By Craig Hoffman2/1/2014 • 0 Comments

On a semi-annual basis, the Department of Labor publishes a work plan for the guidance they intend to issue in the coming months. The plan is just that, a “plan.” There are no guarantees that the timetables and even the regulatory initiatives might not change during the year. Nevertheless, these pronouncements provide real insight into the DOL’s priorities.

By Craig Hoffman7/23/2013 • 0 Comments

The Department of Labor has provided relief to plan administrators by announcing a transitional enforcement policy regarding the due date for the “second round” of participant disclosures under the new 404(a)(5) regulations.