Multnomah Group Launches New Website
We are excited to announce the launch of our redesigned website, http://www.multnomahgroup.com. Our objective in tackling a redesigned site was to make it more useful for our clients and prospects. This was primarily accomplished by exposing more of our internal research and content to you, our clients, prospects, and partners. The new site has more of our white papers, case studies, presentations, and webinars. In the coming months we will publish recorded presentations and launch a blog. Please take a few moments to check it out and let us know your thoughts.
No Change in the Definition of Fiduciary - At Least for Now
The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) has shelved their proposed rule that broadly expanded the definition of fiduciary for the first time since ERISA was first enacted in 1974. The proposed rule was poorly received by the securities industry; who was concerned about being held to a higher legal standard than they have had to deal with historically. Given the storm that EBSA created with the proposed rules, they have now elected to solicit additional feedback and re-propose new rules that address some of the concerns they have heard. sponsor.
EBSA to Re-Propose Definition of Fiduciary Rule - planadvisor.com
DOL Issues Interim Guidance on E-Delivery of Participant Disclosures
With With the effective date of the participant fee disclosures fast approaching, the Department of Labor has issued interim guidance for plan sponsors seeking to provide their disclosures in an electronic format. The DOL continues to work on final regulations that will provide longer-term guidance, but realized they needed to get something in place prior to the May 31, 2012 deadline for the initial disclosures (assuming calendar year end plans). receive.