Subscribe to our compensation and benefits newsletter to receive monthly updates on regulatory and legislative developments in employee benefits and executive compensation issues.
Read our August 2010 articles:
New DOL regs require more fee disclosure from retirement plan providers
Barbara Josefowicz, New York
The U.S. Department of Labor has released interim final regulations that require new fee disclosures from retirement plan providers. The fee disclosure requirements apply to qualified plans such as 401(k) plans, 403(b) plans subject to ERISA and nonqualified plans such as IRAs, SIMPLE IRAs and SEPs. Governmental plans not subject to ERISA, non-electing church plans, foreign plans and unfunded excess benefit plans are not covered by the regulations.
Financial reform bill delivers big impact to compensation practices
Jim Gandurski, Chicago
President Obama has signed into law a sweeping financial reform bill that has major implications for compensation plan design and governance at all public companies. Much of the attention for the Wall Street Reform and Consumer Protection Act of 2009 has centered on new “say-on-pay” requirements, but there are several other aspects of the legislation that will be important to compensation consultants and practitioners.
