Posts by Jim Prince

Fiduciary Rule cancelled, subject to further appeal by DOL

For several years now, many in the retirement plan industry have been talking about the U.S. Department of Labor’s (DOL) new regulations and rules collectively referred to as the “Fiduciary Rule,” which significantly expanded the population of persons considered to be fiduciaries and, therefore, subject to regulation under the Employee Retirement Income Security Act (ERISA).…

Read More

EMPLOYEE BENEFITS LAW ALERT » What the legalization of same‑sex marriage means for Oklahoma employers

On Monday, Oklahoma became one of five additional U.S. states required to allow same-sex couples to marry after the U.S. Supreme Court refused to review lower court decisions that overturned state bans on same-sex marriage. The other four states immediately affected by the decision were Indiana, Utah, Virginia and Wisconsin. Six other states with similar…

Read More

EMPLOYEE BENEFITS LAW UPDATE » New HIPAA regulations for sponsors of group health plans

The U.S. Department of Health and Human Services recently released its final regulations – also known as the “Final Rule” or “Omnibus Rule” – modifying the privacy, security, breach notification and enforcement rules associated with the Health Insurance Portability and Accountability Act of 1996 (HIPAA). Employers have until September 23, 2013, to comply with the new requirements.

Read More

Effective date extended for fee disclosure requirements

On February 2, 2012, the U.S. Department of Labor (DOL) announced a three-month extension to the effective date of the new fee disclosure regulations related to ERISA-covered retirement plans. Prior to this extension, service providers were required to comply with the new disclosure requirements as of April 1, 2012, and plans were required to comply…

Read More