Along with its highly anticipated re-proposal of fiduciary rules, expected this fall, the Department of Labor is also expected to unveil five additional proposed and final rules over the next few months.
Of course, the biggest ruling will come as the Employee Benefits Security Administration seeks to change the definition of "fiduciary" to incorporate a broader definition of investment advisors.
Here's a quick look at what else is expected from the DOL:
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1. Increase target date disclosures. This rule would amend the current qualified default investment alternative regulation and its participant-level disclosure regulation by requiring that more detailed information about target-date fund investments be disclosed to plan participants. Expected in November.
2. Finalize annual funding notices. A move to finalize the funding notices included in the Pension Protection Act would require pension administrators to provide an annual funding notice to plan participants and beneficiaries. Expected in October.
3. Amend bankruptcy plan. The Employee Benefits Security Administration hopes to issue a final ruling on changes to the abandoned plan program. These changes — proposed in December 2012 — would also include companies filing Chapter 7 liquidation in the program. Expected in late December or early January.
4. Mental health plan inclusion. The agency is expected to make a final ruling on the Mental Health Parity and Addiction Equity Act, which would require group health plans to treat mental and physical health benefits equally. Expected in October.
5. Waiting period for the Patient Protection and Affordable Care Act. The ruling will settle whether an imposed maximum 90-day waiting period for all group health plans can be enforced. Expected in December.
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