DOL Releases RFI on PTEs Involving Pooled Employer Plans
The Department of Labor just published its Request for Information (RFI) on PEPs, or Prohibited Transactions involving Pooled Employer Plans (PEPs) under the SECURE Act as well as other multiple employer plans. Per a press…
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Update on EBSA Probing ESG Holdings
The New York Regional Office of the Employee Benefit Security Administration is requesting a laundry list of information from plans with ESG funds regarding the review and selection process for said options. The office is…
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Excessive Fee Lawsuit Targets RK Fees
In the U.S. District Court for the Southern District of Ohio, a lawsuit was filed by plaintiff-participants Gregory Stark, William Gaff and Michael Lewin as representatives on behalf of participants in the $2.9 billion Keycorp…
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How COVID-19 Is Changing Airport Security
Airports throughout the nation are adding another layer of security to prevent further spread of the COVID-19 virus. By mid-June, the Transportation Security Administration or TSA is launching novel screening procedures that will reduce physical…
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Hawaii District Courts Resume Some Cases Monday
Oahu state district courts will restart some courtroom activities this week, according to the Hawaii Judiciary. Activities deemed “official court business”, such as business and court proceedings with the traffic Violations Bureau and the Legal…
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Novel SBA Guidance Simplifies Key PPP Provision
Partnering with the Treasury Department, The U.S. Small Business Administration launched novel guidance offering vital clarifications for individuals taking advantage of the Paycheck Protection Program. Published on June 12, the Interim Final Rule edits the…
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Workplace Requirements for New Jersey’s Phase 2 of Reopening Plan
On Monday, June 15th, New Jersey will plunge into its second phase of reopening the state. For NJ residents and visitors, this means a few things. For one, restaurants are now allowed to resume outdoor…
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NYC and Brooklyn Courts Reopen
Court is now in session! Following a three-month long closure of courtrooms throughout New York City and Brooklyn, courthouses are now allowed to open their doors, Chief Judge Janet DiFIore announced this week. Almost every…
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Asset-Weighted Expense Ratio Drops Again
Released on June 8th, an annual study examining trends in open-end mutual funds and exchange-trade funds found that the asset-weighted average expense ratio plummeted to 0.45% in 2019, slicing funds and ETFs nearly in half…
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