The VFC Program application process can be quite onerous and, in some cases, is akin to a DOL audit. As a result, some plan sponsors have been reluctant to use it and, instead, have corrected fiduciary breaches on their own. Self-Correction Component–The new SCC option permits plan sponso...
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an adviser could avoid fiduciary status by making clear (including via contract disclaimers) that there is no “mutual agreement, arrangement or understanding” that anything the adviser says will serve as “a primary basis” for an investment decision. The Proposed...
In addition, a retirement plan must allow a participant at least 60 days following receipt of a notice of an adverse benefit decision in which to file an appeal. Specifically, the Joint Notice provides that all ERISA-covered plans (including retirement plans) must disregard the Outbreak Period...
As stated above, these applications will not revert to the TR status and the decision to deny the application will not be subject to appeal. 23. What if an employer sends in an RIR conversion package on time, but the BEC denies the request to convert to RIR? If the case cannot be...
“a primary basis” for an investment decision. The Proposed Rule would look instead to whether the objective circumstances surrounding the recommendation make it reasonable for the retirement investor to believe that it could rely upon the advice as “a basis” ...
This decision can only be made once per character. The new skin system will not activate until a colour is chosen. You can choose between light, medium, and dark skin, as well as your initial degree of tan. Your character will develop a tan while outside on sunny days. They...
bureaucratic decision bürokratische Hindernisse (German pl.) administrative barriers bürokratische Regelung (German f.) bureaucratic government bürokratisieren (German) to bureaucratise bürokratisiert (German) bureaucratised Bürokratisierung (German f.) bureaucratisation Bürokratismus (German m.)...
In certain circumstances, it allows companies with less than 50 employees to implement “intéressement” by unilateral decision of the employer (previously this was only possible for companies with fewer than 11 employees Considers paternity leave as time worked for the calculation of...
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