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Lifetime Income Disclosure Act
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Lifetime Income Disclosure Act Amends the Employee Retirement Income Security Act of 1974 (ERISA) to require the quarterly pension benefit statement furnished to a participant or beneficiary with the right to direct the investment of assets in his or her account under an individual account plan to include a lifetime income disclosure at least once during any 12-month period. Requires such lifetime income disclosure to set forth the lifetime income stream equivalent of the participant's or beneficiary's total benefits accrued. Defines a lifetime income stream equivalent of the total benefits accrued as the monthly annuity payment the participant or beneficiary would receive if those total accrued benefits were used to provide lifetime income streams to a qualified joint and survivor annuitant. Directs the Secretary of Labor to: issue a model lifetime income disclosure, written in a manner which can be understood by the average plan participant; and prescribe assumptions that plan administrators may use in converting total accrued benefits into lifetime income stream equivalents. Declares that no plan fiduciary, plan sponsor, or other person shall have any liability under ERISA solely by reason of the provision of lifetime income stream equivalents derived in accordance with such assumptions and related rules and including explanations contained in the model lifetime income disclosure.
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Filing registrants (20)
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Introduced in Senate
Bills with similar content found using semantic analysis.
Sources: Congress.gov
2017 · first_quarter · Retirement
RET - First Quarter Report - 2017 Public Law No. 111-148 - The Patient Protection and Affordable Care Act, Issue: Assessments under state-based insurance exchanges. Public Law No: 114-254 - Further Continuing and Security Assistance Appropriations Act. Section 172, regarding funding to address the Social Security Disability Insurance (SSDI) hearing backlog for FY17 expires April 28, 2017. Issue: disability insurance H.R. 506/ S. 245 - Automatic IRA Act of 2015. Issue: retirement security H.R. 557/ S. 266 - Retirement Security Act of 2015. Issue: retirement security H.R. 2317/ S. 1317 - Lifetime Income Disclosure Act. Issue: lifetime income illustration H.R. 2656 - The Receiving Electronic Statements to Improve Retiree Earnings Act. Issue: electronic disclosure of retirement plan notices. H.R. 4067 - SAVE Act of 2015. Issue: retirement security H.R. 6396 - the Retirement Security for American Workers Act. Issue: expanding retirement savings plans. H.R. ___/S.___ Draft legislation amending Affordable Care Act provisions on health exchange assessments. Issue: Health Exchange Assessments H.R.____/S._____ FY17 appropriations beyond April 28, Maintain Section 172 of Further Continuing and Security Assistance Appropriations Act regarding funding to address the Social Security Disability Insurance (SSDI) hearing backlog. Issue: disability insurance H.R.____/S._____ Draft legislation to expand Section 125 cafeteria plans. Issue: expanding long term care insurance. H.R. ____/S._____ Draft legislation to initiate Congressional Review Act process to repeal Department of Labor rule affecting disability insurance claims process. Issue: Disability insurance. H.R. ___/S.___ Draft legislation on tax treatment and consumer financing for long-term care insurance. Issue: Social Security Disability Insurance (SSDI) hearing decision backlog S. 3471 Retirement Enhancement and Savings Act of 2016. Issue: expanding retirement savings plans. Retirement Improvements and Savings Enhancement Act Discussion Draft House GOP Blueprint on Tax Reform
Client expense: $1,030,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2017 · first_quarter · Retirement
H.R. 506/ S. 245: Automatic IRA Act of 2015. Issue: retirement security H.R. 557/ S. 266: Retirement Security Act of 2015. Issue: retirement security Pub.L. 111-148-The Patient Protection and Affordable Care Act, Issue: Assessments under state-based insurance exchanges. H.R. 2656 - The Receiving Electronic Statements to Improve Retiree Earnings Act. Issue: electronic disclosure of retirement plan notices. HR 2317/ S. 1317 - Lifetime Income Disclosure Act. Issue: lifetime income illustration H.R. ___/S.___ Draft legislation amending Affordable Care Act provisions on health exchange assessments. Issue: Health Exchange Assessments Public Law No: 114-254- Further Continuing and Security Assistance Appropriations Act. Section 172, regarding funding to address the Social Security Disability Insurance (SSDI) hearing backlog for FY17 expires April 28, 2017. Issue: disability insurance H.R.____/S._____ FY17 appropriations beyond April 28, Maintain Section 172 of Further Continuing and Security Assistance Appropriations Act regarding funding to address the Social Security Disability Insurance (SSDI) hearing backlog. Issue: disability insurance HR 4067 - SAVE Act of 2015. Issue: retirement security H.R. ___/S.___ Draft legislation on tax treatment and consumer financing for long-term care insurance. Issue: Social Security Disability Insurance (SSDI) hearing decision backlog Retirement Improvements and Savings Enhancement Act Discussion Draft House GOP Blueprint on Tax Reform S. 3471 Retirement Enhancement and Savings Act of 2016. Issue: expanding retirement savings plans. H.R. 6396 - the Retirement Security for American Workers Act. Issue: expanding retirement savings plans. H.R.____/S._____ Draft legislation to expand Section 125 cafeteria plans. Issue: expanding long term care insurance. H.R. ____/S._____ Draft legislation to initiate Congressional Review Act process to repeal Department of Labor rule affecting disability insurance claims process. Issue: Disability insurance. H.R.1688/S.695 Form 5500 to allow employers and sole-proprietors participating in similar retirement plans to file a single, aggregated Form 5500 which is an annual return that provides compliance information to the two regulators.
2017 · first_quarter · Retirement
H.R. 506/ S. 245: Automatic IRA Act of 2015. Issue: retirement security H.R. 557/ S. 266: Retirement Security Act of 2015. Issue: retirement security Pub.L. 111-148-The Patient Protection and Affordable Care Act, Issue: Assessments under state-based insurance exchanges. H.R. 2656 - The Receiving Electronic Statements to Improve Retiree Earnings Act. Issue: electronic disclosure of retirement plan notices. HR 2317/ S. 1317 - Lifetime Income Disclosure Act. Issue: lifetime income illustration H.R. ___/S.___ Draft legislation amending Affordable Care Act provisions on health exchange assessments. Issue: Health Exchange Assessments Public Law No: 114-254- Further Continuing and Security Assistance Appropriations Act. Section 172, regarding funding to address the Social Security Disability Insurance (SSDI) hearing backlog for FY17 expires April 28, 2017. Issue: disability insurance H.R.____/S._____ FY17 appropriations beyond April 28, Maintain Section 172 of Further Continuing and Security Assistance Appropriations Act regarding funding to address the Social Security Disability Insurance (SSDI) hearing backlog. Issue: disability insurance HR 4067 - SAVE Act of 2015. Issue: retirement security H.R. ___/S.___ Draft legislation on tax treatment and consumer financing for long-term care insurance. Issue: Social Security Disability Insurance (SSDI) hearing decision backlog Retirement Improvements and Savings Enhancement Act Discussion Draft House GOP Blueprint on Tax Reform S. 3471 Retirement Enhancement and Savings Act of 2016. Issue: expanding retirement savings plans. H.R. 6396 - the Retirement Security for American Workers Act. Issue: expanding retirement savings plans. H.R.____/S._____ Draft legislation to expand Section 125 cafeteria plans. Issue: expanding long term care insurance. H.R. ____/S._____ Draft legislation to initiate Congressional Review Act process to repeal Department of Labor rule affecting disability insurance claims process. Issue: Disability insurance.
2016 · fourth_quarter · Retirement
- Department of Laborrule to expand definition of who qualifies as a fiduciary; Retail Investor Protection Act (H.R. 1090, S. 2497); provisions establishing a best interest standard for consumers and utilizing a disclosure-based regime (H.R. 4293, S 2502and HR 4294, S. 2505) entitled the Strengthening Access to Valuable Education and Retirement Support (SAVERS Act) and Affordable Retirement Advice Protection Act (ARAP). - Stretch IRA provision (included as part of Retirement Enhancement and Savings Act) - Issues related to insolvency of Social Security Disability Insurance trust fund - H.R. 2317/S. 1317 - Lifetime income Disclosure Act of 2015 issue- lifetime income illustrations. - H.R. 4067- Small Businesses Add Value Act (SAVE) of 2015 components regarding open multiple employer plans, safe harbor for annuity plan selection and lifetime income disclosure concepts. - Senate Finance comprehensive retirement package- Retirement Enhancement Savings Act. ((inclusive of SAVE Act, LIDA and provisions related to lifetime income portability and open MEPs) - Multiemployer pension plan solutions discussions including composite plan draft (not yet reintroduced) by Rep John Kline
Client expense: $1,010,000 · Firm income: Not reported
2016 · fourth_quarter · Retirement
S. 1270, "SAFE Retirement Act of 2013". S. 1317, "Lifetime Income Disclosure Act". S. 1970, "The Retirement Security Act of 2014". S. 1557, "Automatic IRA Act", a bill to amend the Internal Revenue Code to promote and simplify Qualified Plans. S. 3417, "Receiving Electronic Statements To Improve Retiree Earnings Act (RETIRE) Act." S. 3471, the Retirement Enhancement and Savings Act of 2016. H.R. 1, A proposal relating to Tax Reform released by Chairman David Camp of the House Ways and Means Committee (2013). H.R. 506, "Automatic IRA Act of 2015" - Amends the Internal Revenue Code to require certain employers who do not maintain qualifying retirement plans or arrangements to make available to their eligible employees a payroll deposit individual retirement account (IRA) arrangement. H.R. 1534, "Small Business Add Value for Employees Act". H.R. 2117, "Retirement Plan Simplification and Enhancement Act of 2013". H.R. 2317, "Lifetime Income Disclosure Act". H.R. 2656, "Receiving Electronic Statements To Improve Retiree Earnings Act (RETIRE) Act." H.R. 4294 - SAVERS Act of 2015 Dept. of Labor, final rule adding Section 2520.104(b)-1(c), Electronic Distribution of Disclosures Required by Title 1 of ERISA, 75 FR 19285 (4/7/11). Dept. of Labor, final rule amending Sections 2509, 2510 and 2550 - Definition of term "fiduciary", conflict of interest rule - retirement investment advice,(4/8/2016). Dept. of Labor proposed rule amending Section 2550.404a-4, Selection of Insurers to provide guaranteed retirement income- safe harbor for individual account plans. No bill number - the Retirement Improvements and Savings Enhancements Act of 2016, a proposal.
Client expense: $530,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
Client expense: $948,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
Government targets: Federal Reserve System, HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR)
Client expense: $450,000 · Firm income: Not reported
Government targets: Commodity Futures Trading Commission (CFTC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of
2016 · fourth_quarter · Retirement
- Department of Laborrule to expand definition of who qualifies as a fiduciary; Retail Investor Protection Act (H.R. 1090, S. 2497); provisions establishing a best interest standard for consumers and utilizing a disclosure-based regime (H.R. 4293, S 2502and HR 4294, S. 2505) entitled the Strengthening Access to Valuable Education and Retirement Support (SAVERS Act) and Affordable Retirement Advice Protection Act (ARAP). - Stretch IRA provision (included as part of Retirement Enhancement and Savings Act) - Issues related to insolvency of Social Security Disability Insurance trust fund - H.R. 2317/S. 1317 - Lifetime income Disclosure Act of 2015 issue- lifetime income illustrations. - H.R. 4067- Small Businesses Add Value Act (SAVE) of 2015 components regarding open multiple employer plans, safe harbor for annuity plan selection and lifetime income disclosure concepts. - Senate Finance comprehensive retirement package- Retirement Enhancement Savings Act. ((inclusive of SAVE Act, LIDA and provisions related to lifetime income portability and open MEPs) - Multiemployer pension plan solutions discussions including composite plan draft (not yet reintroduced) by Rep John Kline
Client expense: $1,020,000 · Firm income: Not reported
Government targets: Federal Reserve System, HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR)
2016 · fourth_quarter · Retirement
Retirement Improvements and Savings Enhancements Act of 2016 S. 1270, "SAFE Retirement Act of 2013". S. 1317, "Lifetime Income Disclosure Act". S. 1970, "The Retirement Security Act of 2014". S. 1557, "Automatic IRA Act", a bill to amend the Internal Revenue Code to promote and simplify Qualified Plans. H.R. 1 - A proposal relating to Tax Reform released by Chairman David Camp of the House Ways and Means Committee (2013). H.R. 1534, "Small Business Add Value for Employees Act". H.R. 2035, "Automatic IRA Act of 2013" - Amends the Internal Revenue Code to require certain employers who do not maintain qualifying retirement plans or arrangements to make available to their eligible employees a payroll deposit individual retirement account (IRA) arrangement. H.R. 2117, "Retirement Plan Simplification and Enhancement Act of 2013". H.R. 2317, "Lifetime Income Disclosure Act". H.R.4294 - SAVERS Act of 2015 Dept. of Labor, final rule adding Section 2520.104(b)-1(c) - Electronic Distribution of Disclosures Required by Title 1 of ERISA, 75 FR 19285 (4/7/11). Dept. of Labor, final rule amending Section 2509, 2510, and 2550 - Definition of term "fiduciary"; conflict of interest rule - retirement investment advice (4/8/16). Dept. of Labor proposed rule amending Section 2550.404a-4 - Selection of Insurers to provide guaranteed retirement income- safe harbor for individual account plans.
Client expense: Not reported · Firm income: $40,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · fourth_quarter · Insurance
S. 1317- Lifetime Income Disclosure Act
Client expense: Not reported · Firm income: $60,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
Retirement Security as in the following bills: S324 - Shrinking Emergency Account Losses Act of 2015 (SEAL Act) HR506/S245 - Automatic IRA Act of 2015 HR557/S266 - Retirement Security Act of 2015 HR2317/S1317 - Lifetime Income Disclosure Act of 2015 HR2656 - Receiving Electronic Statements to Improve Retiree Earnings (RETIRE) Act of 2015 S3025 - Graduate Student Savings Act of 2016 S3417 - Receiving Electronic Statements to Improve Retiree Earnings (RETIRE) Act of 2016 Retirement Enhancement and Savings Act (RESA) of 2016 Retirement Improvements and Savings Enhancements (RISE) Act DOL & SEC Fiduciary Proposals (DOL Fiduciary Definition Regulation/SEC Project to Harmonize Broker-Dealer Fiduciary Standards) as in the following bills: HR1090 - Retail Investor Protection Act of 2015 HR4294 - Strengthening Access to Valuable Education and Retirement Support (SAVERS) Act HR4293 - Affordable Retirement Advice Act Providing Lifetime Income Illustrations on Retirement Benefit Statements Tax Benefits of Defined Contribution Plans Defined Contribution Retirement Plan Design and Modernization Fiduciary Concerns Related to Advice and Education in Retirement Plans Stretch IRA Electronic Delivery of Plan Documents Retirement Plan Consolidation Tax Reform as it relates to retirement plans Qualified Default Investment Alternatives (QDIA) Safe Harbor for Plan Sponsors Including Annuity Providers on Plan Menus Retirement Plan Fees
Client expense: $370,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Natl Economic Council (NEC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of
2016 · fourth_quarter · Retirement
Department of Labor's regulation modifying the definition of a fiduciary under ERISA and related issues. Securities and Exchange Commission regulation pursuant to Section 913 of Dodd-Frank. H.R. 2317, S. 1317, Lifetime Income Disclosure Act, all provisions. Issues related to Qualified Longevity Annuity Contracts. Retirement Enhancement and Savings Act of 2016, provisions related to annuities and retirement plans. Retirement Improvements and Savings Enhancement Act of 2016, all provisions.
Client expense: $950,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE
2016 · fourth_quarter · Retirement
H.R. 2317 and S. 1317: Lifetime Income Disclosure Act. ISSUE: lifetime income illustration H.R. 4067, the Small Businesses Add Value for Employees (SAVE) Act of 2015. ISSUE: Lifetime income illustration and annuity accessibility. S.3471, Retirement Enhancement and Savings Act of 2016. ISSUE: Lifetime income illustration and annuity accessibility.
Client expense: $470,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · fourth_quarter · Retirement
H.R. 506/ S. 245: Automatic IRA Act of 2015. Issue: retirement security H.R. 557/ S. 266: Retirement Security Act of 2014. Issue: retirement security H.R. 3590-The Patient Protection and Affordable Care Act, Issue: Assessments under state-based insurance exchanges. H.R. 2656 - The Receiving Electronic Statements to Improve Retiree Earnings Act. Issue: electronic disclosure of retirement plan notices. HR 2317/ S. 1317 - Lifetime Income Disclosure Act. Issue: lifetime income illustration S. Amendment 2761 to H.R. 1314-Bipartisan Budget Act of 2015. To amend the Internal Revenue Code of 1986 to reduce the payroll tax for self-employed individuals enrolled in a private disability insurance plan, and for employers that provide such plans to their employees. Issue: disability insurance. H.R. ___/S.___ Draft legislation amending Affordable Care Act provisions on health exchange assessments. Issue: Health Exchange Assessments H.R.___/S.___Draft legislation to facilitate disability income insurance options for employees. Issue: Disability income insurance. H.R. 3922 - Retirement Choice Protection Act. Issue: Department of Labors proposed fiduciary rule H.R. 4294 - SAVERS Act. Issue: Department of Labors proposed fiduciary rule H.R. 4293 - Affordable Retirement Advice Protection Act. Issue: Department of Labors proposed fiduciary rule H.R. 4067 - SAVE Act of 2015. Issue: retirement security H.R. ___/S.___ Draft legislation on tax treatment and consumer financing for long-term care insurance. Issue: Social Security Disability Insurance (SSDI) hearing decision backlog S. 3307/HR 6402 - Bill to avoid duplicate annual reporting on Form 5500 H.R. 6396 - Retirement Security for American Workers Act. Issue: multiple employer plans No bill number assigned: Retirement Enhancement and Savings Act of 2016 (passed by Senate Finance Committee on 9/21/16) Retirement Improvements and Savings Enhancement Act Discussion Draft House GOP Blueprint on Tax Reform
Client expense: $500,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · fourth_quarter · Retirement
Issues related to retirement security including: retirement plan standards, savings initiatives, the DOL fiduciary definition reproposal, lifetime income opportunities and public pension reform. S 266 / HR 557 Retirement Security Act of 2015. Issue: retirement security. S 245 / HR 506 Automatic IRA Act of 2015. Issue: retirement security. HR 3590 The Patient Protection and Affordable Care Act. Issue: assessments under state-based insurance exchanges. HR 2656 The Receiving Electronic Statements to Improve Retiree Earnings Act. Issue: electronic disclosure of retirement plan notices. S 1317 / HR 2317 Lifetime Income Disclosure Act. Issue: lifetime income illustration. Draft legislation amending Affordable Care Act provisions on health exchange assessments. Draft legislation to facilitate disability income insurance options for employees. S 2505 / HR 4294 SAVERS Act of 2015. HR 4067 SAVE Act of 2015. No bill number: Retirement Enhancement and Savings Act of 2016. Retirement Improvements and Savings Enhancement Act Discussion Draft. House GOP Blueprint on Tax Reform. Issue: retirement security.
Client expense: $250,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · fourth_quarter · Retirement
H.R. 506, S. 245, S. 266, H.R. 557, S. 3471 - Multiple Small Employer Plans - issues relating to MEPs/MSEPs H.R. 2317, S. 1317, S. 3471 - Lifetime Income Disclosure & Regulatory Issues - all provisions H.R. 506 - Automatic IRA - all Provisions No Bill # - Proposed DOL Fiduciary Regulations - all provisions N/A - GMWB Interpretive Issues in terms of possible guidance No Bill # - Electronic Disclosure - ERISA/Internal Revenue Code - issues/provisions relating to the use of electronic disclosure by employee benefit plans N/A - Issues relating to DOL Safe Harbor for Selection of Annuity Providers S. 3471 - Issues relating to Annuity Selection Safe Harbor N/A - Issues relating to target date funds disclosures N/A - Issues relating to guide/index for ERISA 408b-2 fee disclosures No Bill # - Non Cash Compensation on annuity sales
Client expense: $1,790,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Office of Management & Budget (OMB), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), State, Dept of (DOS), Treasury, Dept of, U.S. Trade Representative (USTR)
2016 · fourth_quarter · Retirement
S. 245, Automatic IRA Act of 2015 S. 324, SEAL Act S. 266, Retirement Security Act of 2015 - S. 1317 Lifetime Income Disclosure Act - S. 2110 - Womans Pension Protection Act of 2015 S. 2492 - Encouraging Americans to Save Act S. 3078 - Retirement Savings Lost and Found Act of 2016 S. 3240 - Pension and Budget Integrity Act of 2016 S. 3307 - A bill to amend the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974 to avoid duplicative annual reporting, and for other purposes S. 3338 - Small Business Employee Retirement Savings Act of 2016 S. 3417 - Receiving Electronic Statements to Improve Retiree Earnings Act - S. 3471 - Retirement Enhancement and Savings Act of 2016 - H.R. 2029 - Consolidated Appropriations Act, 2016 - H.R. 4236 - Financial Security Credit Act of 2015 - H.R. 4294 - Strengthening Access to Valuable Education and Retirement Support Act of 2015 - H.R. 4293 - Affordable Retirement Advice Protection Act H.R. 506, Automatic IRA Act of 2015 H.R. 577, Retirement Security Act of 2015 H.R. 1090, Retail Investor Protection Act (Wagner) - H.R. 2317 Lifetime Income Disclosure Act - H.R. 2656, Receiving Electronic Statements to Improve Retiree Earnings Act - H.R. 4955 - Pension and Budget Integrity Act of 2016 - H.R. 4067 - Small Businesses Add Value for Employees (SAVE) Act of 2015 - H.R. 5731 - Secure, Accessible, Valuable, Efficient Universal Pension (SAVE UP) Accounts Act - H.R. 5805 - Retirement Savings Lost and Found Act of 2016
Client expense: $114,533 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Labor, Dept of (DOL), Pension Benefit Guaranty Corporation (PBGC), SENATE, Securities & Exchange Commission (SEC)
2016 · fourth_quarter · Retirement
H.R. 506 - Automatic IRA Act of 2015; entire bill H.R. 557 - Retirement Security Act of 2015; entire bill H.R. 2317 - Lifetime Income Disclosure Act; entire bill H.R. 2656 - Receiving Electronic Statements To Improve Retiree Earnings (RETIRE) Act; entire bill H.R. 4045 - USAccounts: Investing in Americas Future Act of 2015; entire bill H.R. 4293 - Affordable Retirement Advice Protection Act; entire bill H.R. 4294 - Strengthening Access to Valuable Education and Retirement Support (SAVERS) Act; entire bill H.R. 4773 - Protecting Workplace Advancement and Opportunity Act; entire bill H.R. 4538 - Senior$afe Act of 2016; entire bill H.R. 5731 - Secure, Accessible, Valuable, Efficient Universal Pension Accounts Act or SAVE UP Act; entire bill H.R. 6396 - RETIREMENT Security for American Workers Act; entire bill S. 245 - Automatic IRA Act of 2015; entire bill S. 266 - Retirement Security Act of 2015; entire bill S. 1317 - Lifetime Income Disclosure Act; entire bill S. 2216 - Senior$afe Act of 2015; entire bill S. 2472 - The American Savings Act; entire bill S. 2497 - Retail Investor Protection Act of 2016; entire bill S. 2502 - Affordable Retirement Advice Protection Act; entire bill S. 2505 - SAVERS Act; entire bill S. 2702 - ABLE to Work Act of 2016; entire bill S. 3307 - To Amend the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974 to avoid duplicative annual reporting, and for other purposes; entire bill S. 3417 -Receiving Electronic Statements To Improve Retiree Earnings Act or RETIRE Act; entire bill Appropriations bills for Department of Labor funding; provisions relating to the DOLs ERISA fiduciary regulation Not Yet Introduced: Secure Annuities for Employee Retirement Act, provisions relating to use of private annuities in retirement plans Not Yet Introduced: Draft legislation to allow new multi-employer pension plan designs
Client expense: $770,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · fourth_quarter · Retirement
Legislation and rulemaking affecting annuities, variable life products and retirement savings including Obama Administration and Congressional proposals on tax reform. Lifetime Income Disclosure Act of 2015, legislation that proposes to amend the Employee Retirement Income Security Act of 1974 to require disclosure of lifetime income equivalents (114th Cong., H.R. 2137, S.1317). Proposals at the Department of Treasury for increasing Americans' access to guaranteed lifetime income solutions. Proposals at the Department of Labor for increasing Americans' access to guaranteed lifetime income solutions. Department of Labor rule to expand the scope of persons and entities that would be considered a fiduciary under the Employee Retirement Income Security Act. Department of Labor rule - Savings Arrangements Established by Qualified State Political Subdivisions for Non-Governmental Employees (29 CFR Part 2510 - RIN 1210-AB76). Department of Labor rule - Savings Arrangements Established by States for Non-Governmental Employees (29 CFR Part 2510 - RIN 1210-AB71). Securities and Exchange Commission proposed rule to expand the scope of persons and entities that would be considered a fiduciary under the Employee Retirement Income Security Act. Automatic IRA Act of 2015 (114th Cong., H.R. 506), legislation that Amends the Internal Revenue Code to: (1) require certain employers who do not maintain qualified retirement plans or arrangements to make available to their eligible employees a payroll deposit individual retirement account (IRA) arrangement (automatic IRA arrangement) which grants such employees the right to opt-out of participation. Retirement Plan Simplification and Enhancement Act of 2013 (113th Cong.), legislation to improve the rules governing lifetime income products and other retirement savings vehicles. Retirement Security Act of 2015 (H.R. 557, S.266), expand the ability of Americans to better save for their retirement and would encourage the use of private multiple employer plans. Department of Labor rules for states to create retirement savings programs. The Retail Investor Protection Act (H.R. 1090, S.2497), DOL fiduciary rulemaking. The Retirement Choice Protection Act (H.R. 3922), DOL fiduciary rulemaking. The Affordable Retirement Advice Protection Act (H.R. 4293, S.2502), DOL fiduciary rulemaking. The SAVERS Act (H.R. 4294, S.2505), DOL fiduciary rulemaking. The Consolidated Omnibus Appropriations Act (H.R. 2029), DOL fiduciary rulemaking. The SAVE Act (H.R. 4067), improve existing SIMPLE IRA and SIMPLE 401(k) retirement plans to make it easier for small businesses to offer savings plans to their employees. Womens Pension Protection Act (S.2110), strengthen consumer protections to safeguard retirement savings, improve access to retirement savings plans for long-term, part-time workers - the majority of whom are women - and help increase womens financial literacy. The Senior Safe Act (H.R. 4538, S.2216), clarify existing laws to allow and encourage financial service representatives at banks and credit unions, investment advisors, and broker-dealers to report suspected financial fraud targeting seniors to regulators, law enforcement, or adult protective service agencies. The Receiving Electronic Statements to Improve Retiree Earnings Act (H.R. 2656), amends ERISA of 1974 and IRC of 1986 to provide for electronic delivery of pension plan information. The Retirement Savings Lost and Found Act of 2016 (S.3078), to increase the portability of and access to retirement savings. Financial CHOICE Act of 2016 (H.R. 5983). Secure, Accessible, Valuable, Efficient Universal Pension Accounts (SAVE UPs) Act. Retirement Enhancement and Savings Act of 2016 (S.3471). Sen. Wyden Discussion Draft on Retirement Savings and IRAs.
Client expense: $70,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of
2016 · fourth_quarter · Insurance
Legislation and rulemaking affecting annuities, variable life products and retirement savings including Obama Administration and Congressional proposals on tax reform. Public Law 111-203, Dodd-Frank Wall Street Reform and Consumer Protection Act of 2013, implementation and regulatory reform. Lifetime Income Disclosure Act (114th Cong., H.R. 2317 and S.1317), legislation that proposes to amend the Employee Retirement Income Security Act of 1974 to require disclosure of lifetime income equivalents. The Retirement Plan Simplification and Enhancement Act of 2013 (113th Cong.), legislation to improve the rules governing lifetime income products and other retirement savings vehicles. Proposals at the Department of Treasury for increasing Americans' access to guaranteed lifetime income solutions. Proposals at the Department of Labor for increasing Americans' access to guaranteed lifetime income solutions. Proposals at the Securities and Exchange Commission for a potential rulemaking on the harmonization of the standard of care for investment advisors and broker-dealers. Department of Labor rule to expand the scope of persons and entities that would be considered a fiduciary under the Employee Retirement Income Security Act. Securities and Exchange Commission proposed rule to expand the scope of persons and entities that would be considered a fiduciary under the Employee Retirement Income Security Act. National Association of Registered Agents and Brokers Reform Act of 2015 (114th Cong.), commonly known as NARAB II, which is legislation to reform the National Association of Registered Agents and Brokers to provide for streamlined non-resident insurance agent and broker licensing. Proposal with the Securities and Exchange Commission for a rulemaking to provide for the acceptance of a summary prospectus for variable annuities. Terrorism Risk Insurance Program Reauthorization Act of 2015 (P.L. 114-1). Retirement Security Act of 2015 (H.R. 557, S.266), expand the ability of Americans to better save for their retirement and encourage the use of private multiple employer plans. International Insurance Standards Transparency Act (H.R. 2141). The Retail Investor Protection Act (H.R. 1090, S. 2497), DOL fiduciary rulemaking. The Retirement Choice Protection Act (H.R. 3922), DOL fiduciary rulemaking. The Affordable Retirement Advice Protection Act (H.R. 4293, S.2502), DOL fiduciary rulemaking. The SAVERS Act (H.R. 4294, S.2505), DOL fiduciary rulemaking. The SAVE Act (H.R. 4067), improve existing SIMPLE IRA and SIMPLE 401(k) retirement plans to make it easier for small businesses to offer savings plans to their employees. Financial CHOICE Act of 2016 (H.R. 5983).
Client expense: $70,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of
2016 · fourth_quarter · Retirement
Rules on plan fiduciaries responsibilities with respect to brokerage windows in 401(k)s. S.1317, Lifetime Income Act. S.3471, Retirement Enhancement and Savings Act of 2016.
Client expense: $120,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · fourth_quarter · Retirement
FY 2017 Federal Budget Proposal - retirement policy initiatives Tax reform - employer sponsored retirement tax incentives House Republicans Tax Reform Task Force Defined Benefit Plan Issues Mortality table updates De-risking pensions methods Non-discrimination issues affecting defined benefit plans Retirement Security Preservation Act of 2016 (RSPA) PBGC premiums Hybrid plan rules, including Pension Equity Plans Pension Portability Act - S. 2147/H.R. 4029 Pension and Budget Integrity Act of 2016 - H.R. 4955/S. 3240 Defined Contribution Plan Issues Retirement plan coverage Lifetime income Plan fees Shrinking Emergency Account Losses (SEAL) Act - S. 324 Automatic IRA Act of 2015 - H.R. 506/S. 245 Retirement Security Act of 2015 - H.R. 557/S. 266 Retail Investors Protection Act - H.R. 1090 The Lifetime Income Disclosure Act - S. 1317/H.R. 2317 Retirement Savings Lost and Found Act of 2016 - S. 3078/H.R. 5805 Retirement Choice Protection Act of 2015 - H.R. 3922 Small Businesses Add Value for Employees Act (SAVE) Act of 2015 - H.R. 4067 Universal Savings Account Act - H.R. 4094 Womens Pension Protection Act of 2015 - S. 2110/H.R. 4235 Receiving Electronic Statements to Improve Retiree Earnings Act - H.R. 2656/S. 3417 Affordable Retirement Advice Protection (ARAP) Act - H.R. 4293 Strengthening Access to Valuable Education & Retirement Support (SAVERS) Act - H.R. 4294 Financial Choice Act of 2016 - H.R. 5983 Secure, Accessible, Valuable, Efficient, Universal Pension (SAVE UP) Act - H.R. 5731 Retirement Security for American Workers Act - H.R. 6396 EEOC Reform Act - S. 2693 Retirement Improvements and Savings Enhancements (RISE) Act of 2016 - Early Draft of retirement reform legislation Retirement Enhancement and Savings (RESA) Act - modified version Other Final Fiduciary Definition/Conflict of Interest Rule Proposed & New Revisions to EEO-1 Form - annual Employer Information Report New Claims Procedures - Disability Benefits (DOL, EBSA) Proposed Form 5500 Changes Executive & nonqualified deferred compensation Multiemployer pension plan issues Multiple employer plans (MEPs) State retirement plan initiatives Plan administration - certification of hardship withdrawals and determination letter program Paid leave proposals and issues Student loan repayment benefit - Employer Participation in Student Loan Assistance Act - S. 2467/H.R. 3861 Missing Participants International pension issues, including cross-border pension funds
Client expense: $177,146 · Firm income: Not reported
Government targets: Centers For Medicare and Medicaid Services (CMS), Equal Employment Opportunity Commission (EEOC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Internal Revenue Service (IRS), Labor, Dept of (DOL), Office of Management & Budget (OMB), Pension Benefit Guaranty Corporation (PBGC), SENATE, Treasury, Dept of
2016 · second_quarter · Retirement
- Issues related to insolvency of Social Security Disability Insurance trust fund - H.R. 577/S. 266: Retirement Security Act of 2015 - amends ERISA & the IRC with respect to employer pension benefit plans and directs Treasury to prescribe final regulations to permit employers to participate in open multiple employer pension benefit plans - H.R. 2317/S 1317 - Lifetime income Disclosure Act of 2015 issue- lifetime income illustrations - H.R. 4067- Small Businesses Add Value Act (SAVE) of 2015 - components regarding open multiple employer plans, safe harbor for annuity plan selection, and lifetime income disclosure concepts - H.R. 506/S. 245 - Automatic IRA Act of 2015 - all provisions - SAFE Act, (yet to be reintroduced) making reforms to government plan use of annuities, as well as other reforms to the private marketplace and regulation
Client expense: $1,490,000 · Firm income: Not reported
Government targets: Federal Reserve System, HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR)
2016 · fourth_quarter · Retirement
RET - Fourth Quarter Report - 2016 H.R. 506/ S. 245: Automatic IRA Act of 2015. Issue: retirement security H.R. 557/ S. 266: Retirement Security Act of 2015. Issue: retirement security H.R. 2028 - Further Continuing and Security Assistance Appropriations Act. Section 172, regarding funding to address the Social Security Disability Insurance (SSDI) hearing backlog. Issue: disability insurance H.R. 2317/ S. 1317 - Lifetime Income Disclosure Act. Issue: lifetime income illustration H.R. 2656 - The Receiving Electronic Statements to Improve Retiree Earnings Act. Issue: electronic disclosure of retirement plan notices. H.R. 3590-The Patient Protection and Affordable Care Act, Issue: Assessments under state-based insurance exchanges. H.R. 4067 - SAVE Act of 2015. Issue: retirement security H.R. 6396 - the Retirement Security for American Workers Act. Issue: expanding retirement savings plans. H.R. ___/S.___ Draft legislation amending Affordable Care Act provisions on health exchange assessments. Issue: Health Exchange Assessments H.R.___/S.___ Draft legislation to facilitate disability income insurance options for employees. Issue: Disability income insurance. H.R. ___/S.___ Draft legislation on tax treatment and consumer financing for long-term care insurance. Issue: Social Security Disability Insurance (SSDI) hearing decision backlog S. Amendment 2761 to H.R. 1314-Bipartisan Budget Act of 2015. To amend the Internal Revenue Code of 1986 to reduce the payroll tax for self-employed individuals enrolled in a private disability insurance plan, and for employers that provide such plans to their employees. Issue: disability insurance. S. 3471 Retirement Enhancement and Savings Act of 2016. Issue: expanding retirement savings plans. Retirement Improvements and Savings Enhancement Act Discussion Draft House GOP Blueprint on Tax Reform
Client expense: $800,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · fourth_quarter · Retirement
Issues related to IRA and pension reform. Issues related to investment advice made in connection with retirement products: H.R. 1090, S. 1317 and H.R. 2317. Issues related to individuals and businesses investing in retirement vehicles, plan funding limits, participation and disclosure rules, exemptions, employer and plan sponsor duties and safe harbors: H.R. 4293, S. 2502, H.R. 506, S. 245, H.R. 3050 and H.R. 4094.
Client expense: $612,770 · Firm income: Not reported
Government targets: Centers For Medicare and Medicaid Services (CMS), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Internal Revenue Service (IRS), Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of
2016 · fourth_quarter · Retirement
Rules on plan fiduciaries' responsibilities with respect to brokerage windows in 401(k)s. S.1317, Lifetime Income Disclosure Act. S.3471, Retirement Enhancement and Savings Act of 2016.
Client expense: Not reported · Firm income: $60,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · fourth_quarter · Retirement
H.R. 506/ S. 245: Automatic IRA Act of 2015. Issue: retirement security H.R. 557/ S. 266: Retirement Security Act of 2015. Issue: retirement security H.R. 3590-The Patient Protection and Affordable Care Act, Issue: Assessments under state-based insurance exchanges. H.R. 2656 - The Receiving Electronic Statements to Improve Retiree Earnings Act. Issue: electronic disclosure of retirement plan notices. HR 2317/ S. 1317 - Lifetime Income Disclosure Act. Issue: lifetime income illustration S. Amendment 2761 to H.R. 1314-Bipartisan Budget Act of 2015. To amend the Internal Revenue Code of 1986 to reduce the payroll tax for self-employed individuals enrolled in a private disability insurance plan, and for employers that provide such plans to their employees. Issue: disability insurance. H.R. ___/S.___ Draft legislation amending Affordable Care Act provisions on health exchange assessments. Issue: Health Exchange Assessments H.R.___/S.___ Draft legislation to facilitate disability income insurance options for employees. Issue: Disability income insurance. H.R. 2028 - Further Continuing and Security Assistance Appropriations Act. Section 172, regarding funding to address the Social Security Disability Insurance (SSDI) hearing backlog. Issue: disability insurance HR 4067 - SAVE Act of 2015. Issue: retirement security H.R. ___/S.___ Draft legislation on tax treatment and consumer financing for long-term care insurance. Issue: Social Security Disability Insurance (SSDI) hearing decision backlog Retirement Improvements and Savings Enhancement Act Discussion Draft House GOP Blueprint on Tax Reform S. 3471 Retirement Enhancement and Savings Act of 2016. Issue: expanding retirement savings plans. H.R. 6396 - the Retirement Security for American Workers Act. Issue: expanding retirement savings plans.
Client expense: $1,134,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · third_quarter · Retirement
- Issues related to insolvency of Social Security Disability Insurance Trust Fund. - H.R. 577/S. 266: Retirement Security Act of 2015 - amends ERISA & the IRC with respect to employer pension benefit plans and directs Treasury to prescribe final regulations to permit employers to participate in open multiple employer pension benefit plans. - H.R. 2317/S. 1317 - Lifetime income Disclosure Act of 2015 issue- lifetime income illustrations. - H.R. 4067- Small Businesses Add Value Act (SAVE) of 2015 -- components regarding open multiple employer plans, safe harbor for annuity plan selection and lifetime income disclosure concepts. - Senate Finance comprehensive retirement package - Retirement Enhancement Savings Act. (Inclusive of SAVE Act, LIDA and provisions related to lifetime income portability and open MEPs). - Multi-employer pension plan solutions discussions including composite plan draft (not yet reintroduced) by Rep John Kline. - H.R. 506/S. 245 - Automatic IRA Act of 2015 -- All provisions.
Client expense: $1,160,000 · Firm income: Not reported
Government targets: Federal Reserve System, HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR)
2016 · second_quarter · Retirement
Department of Labor's proposed regulation modifying the definition of a fiduciary under ERISA and related issues. Securities and Exchange Commission regulation pursuant to Section 913 of Dodd-Frank. H.R. 4294, The Strengthening Access to Valuable Education and Retirement Support Act, all provisions. H.R. 4293, The Affordable Retirement Advice Protection Act, all provisions. H.R. 2317, S. 1317, Lifetime Income Disclosure Act, all provisions. Issues related to Qualified Longevity Annuity Contracts.
Client expense: $940,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Treasury, Dept of
2016 · third_quarter · Retirement
S. 1270, "SAFE Retirement Act of 2013". S. 1317, "Lifetime Income Disclosure Act". S. 1970, "The Retirement Security Act of 2014". S. 1557, "Automatic IRA Act", a bill to amend the Internal Revenue Code to promote and simplify Qualified Plans. H.R. 1, A proposal relating to Tax Reform released by Chairman David Camp of the House Ways and Means Committee (2013). H.R. 1534, "Small Business Add Value for Employees Act". H.R. 2035, "Automatic IRA Act of 2013" - Amends the Internal Revenue Code to require certain employers who do not maintain qualifying retirement plans or arrangements to make available to their eligible employees a payroll deposit individual retirement account (IRA) arrangement. H.R. 2117, "Retirement Plan Simplification and Enhancement Act of 2013". H.R. 2317, "Lifetime Income Disclosure Act". H.R. 4294 - SAVERS Act of 2015 Dept. of Labor, final rule adding Section 2520.104(b)-1(c), Electronic Distribution of Disclosures Required by Title 1 of ERISA, 75 FR 19285 (4/7/11). Dept. of Labor, final rule amending Sections 2509, 2510 and 2550 - Definition of term "fiduciary", conflict of interest rule - retirement investment advice,(4/8/2016). Dept. of Labor proposed rule amending Section 2550.404a-4, Selection of Insurers to provide guaranteed retirement income- safe harbor for individual account plans. No bill number - the Retirement Improvements and Savings Enhancements Act of 2016, a proposal. No bill number - the Retirement Enhancement and Savings Act of 2016.
Client expense: $570,000 · Firm income: Not reported
Government targets: Commodity Futures Trading Commission (CFTC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of
2016 · third_quarter · Retirement
H.R. 506 - Automatic IRA Act of 2015; entire bill H.R. 557 - Retirement Security Act of 2015; entire bill H.R. 2317 - Lifetime Income Disclosure Act; entire bill H.R. 2656 - Receiving Electronic Statements To Improve Retiree Earnings (RETIRE) Act; entire bill H.R. 4045 - USAccounts: Investing in Americas Future Act of 2015; entire bill H.R. 4293 - Affordable Retirement Advice Protection Act; entire bill H.R. 4294 - Strengthening Access to Valuable Education and Retirement Support (SAVERS) Act; entire bill H.R. 4773 - Protecting Workplace Advancement and Opportunity Act; entire bill H.R. 4538 - Senior$afe Act of 2016; entire bill H.R. 5731 - Secure, Accessible, Valuable, Efficient Universal Pension Accounts Act or SAVE UP Act; entire bill S. 245 - Automatic IRA Act of 2015; entire bill S. 266 - Retirement Security Act of 2015; entire bill S. 1317 - Lifetime Income Disclosure Act; entire bill S. 2216 - Senior$afe Act of 2015; entire bill S. 2472 - The American Savings Act; entire bill S. 2497 - Retail Investor Protection Act of 2016; entire bill S. 2502 - Affordable Retirement Advice Protection Act; entire bill S. 2505 - SAVERS Act; entire bill S. 2702 - ABLE to Work Act of 2016; entire bill S. 3307 - To Amend the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974 to avoid duplicative annual reporting, and for other purposes; entire bill S. 3417 -Receiving Electronic Statements To Improve Retiree Earnings Act or RETIRE Act; entire bill Appropriations bills for Department of Labor funding; provisions relating to the DOLs proposed ERISA fiduciary regulation Not Yet Introduced: Secure Annuities for Employee Retirement Act, provisions relating to use of private annuities in retirement plans Not Yet Introduced: Draft legislation to allow new multi-employer pension plan designs
Client expense: $560,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · third_quarter · Retirement
Legislation and rulemaking affecting annuities, variable life products and retirement savings including Obama Administration and Congressional proposals on tax reform. Lifetime Income Disclosure Act of 2015, legislation that proposes to amend the Employee Retirement Income Security Act of 1974 to require disclosure of lifetime income equivalents (114th Cong., H.R. 2137, S.1317). Proposals at the Department of Treasury for increasing Americans' access to guaranteed lifetime income solutions. Proposals at the Department of Labor for increasing Americans' access to guaranteed lifetime income solutions. Department of Labor rule to expand the scope of persons and entities that would be considered a fiduciary under the Employee Retirement Income Security Act. Securities and Exchange Commission proposed rule to expand the scope of persons and entities that would be considered a fiduciary under the Employee Retirement Income Security Act. Automatic IRA Act of 2015 (114th Cong., H.R. 506), legislation that Amends the Internal Revenue Code to: (1) require certain employers who do not maintain qualified retirement plans or arrangements to make available to their eligible employees a payroll deposit individual retirement account (IRA) arrangement (automatic IRA arrangement) which grants such employees the right to opt-out of participation. Retirement Plan Simplification and Enhancement Act of 2013 (113th Cong.), legislation to improve the rules governing lifetime income products and other retirement savings vehicles. Retirement Security Act of 2015 (H.R. 557, S.266), expand the ability of Americans to better save for their retirement and would encourage the use of private multiple employer plans. Department of Labor rules for states to create retirement savings programs. The Retail Investor Protection Act (H.R. 1090, S.2497), DOL fiduciary rulemaking. The Retirement Choice Protection Act (H.R. 3922), DOL fiduciary rulemaking. The Affordable Retirement Advice Protection Act (H.R. 4293, S.2502), DOL fiduciary rulemaking. The SAVERS Act (H.R. 4294, S.2505), DOL fiduciary rulemaking. The Consolidated Omnibus Appropriations Act (H.R. 2029), DOL fiduciary rulemaking. The SAVE Act (H.R. 4067), improve existing SIMPLE IRA and SIMPLE 401(k) retirement plans to make it easier for small businesses to offer savings plans to their employees. Womens Pension Protection Act (S.2110), strengthen consumer protections to safeguard retirement savings, improve access to retirement savings plans for long-term, part-time workers - the majority of whom are women - and help increase womens financial literacy. The Senior$afe Act (H.R. 4538, S.2216), clarify existing laws to allow and encourage financial service representatives at banks and credit unions, investment advisors, and broker-dealers to report suspected financial fraud targeting seniors to regulators, law enforcement, or adult protective service agencies. The Receiving Electronic Statements to Improve Retiree Earnings Act (H.R. 2656), amends ERISA of 1974 and IRC of 1986 to provide for electronic delivery of pension plan information. The Retirement Savings Lost and Found Act of 2016 (S.3078), to increase the portability of and access to retirement savings. Financial CHOICE Act of 2016 (H.R. 5983). Secure, Accessible, Valuable, Efficient Universal Pension Accounts (SAVE UPs) Act. Retirement Enhancement and Savings Act of 2016. Sen. Wyden Discussion Draft on Retirement Savings and IRAs.
Client expense: $60,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of
2016 · third_quarter · Insurance
Legislation and rulemaking affecting annuities, variable life products and retirement savings including Obama Administration and Congressional proposals on tax reform. Public Law 111-203, Dodd-Frank Wall Street Reform and Consumer Protection Act of 2013, implementation and regulatory reform. Lifetime Income Disclosure Act (114th Cong., H.R. 2317 and S.1317), legislation that proposes to amend the Employee Retirement Income Security Act of 1974 to require disclosure of lifetime income equivalents. The Retirement Plan Simplification and Enhancement Act of 2013 (113th Cong.), legislation to improve the rules governing lifetime income products and other retirement savings vehicles. Proposals at the Department of Treasury for increasing Americans' access to guaranteed lifetime income solutions. Proposals at the Department of Labor for increasing Americans' access to guaranteed lifetime income solutions. Proposals at the Securities and Exchange Commission for a potential rulemaking on the harmonization of the standard of care for investment advisors and broker-dealers. Department of Labor rule to expand the scope of persons and entities that would be considered a fiduciary under the Employee Retirement Income Security Act. Securities and Exchange Commission proposed rule to expand the scope of persons and entities that would be considered a fiduciary under the Employee Retirement Income Security Act. National Association of Registered Agents and Brokers Reform Act of 2015 (114th Cong.), commonly known as NARAB II, which is legislation to reform the National Association of Registered Agents and Brokers to provide for streamlined non-resident insurance agent and broker licensing. Proposal with the Securities and Exchange Commission for a rulemaking to provide for the acceptance of a summary prospectus for variable annuities. Terrorism Risk Insurance Program Reauthorization Act of 2015 (P.L. 114-1). Retirement Security Act of 2015 (H.R. 557, S.266), expand the ability of Americans to better save for their retirement and encourage the use of private multiple employer plans. International Insurance Standards Transparency Act (H.R. 2141). The Retail Investor Protection Act (H.R. 1090, S. 2497), DOL fiduciary rulemaking. The Retirement Choice Protection Act (H.R. 3922), DOL fiduciary rulemaking. The Affordable Retirement Advice Protection Act (H.R. 4293, S.2502), DOL fiduciary rulemaking. The SAVERS Act (H.R. 4294, S.2505), DOL fiduciary rulemaking. The SAVE Act (H.R. 4067), improve existing SIMPLE IRA and SIMPLE 401(k) retirement plans to make it easier for small businesses to offer savings plans to their employees. Financial CHOICE Act of 2016 (H.R. 5983).
Client expense: $60,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of
2016 · second_quarter · Retirement
- Issues related to insolvency of Social Security Disability Insurance trust fund - H.R. 577/S. 266: Retirement Security Act of 2015 - amends ERISA & the IRC with respect to employer pension benefit plans and directs Treasury to prescribe final regulations to permit employers to participate in open multiple employer pension benefit plans - H.R. 2317/S 1317 - Lifetime income Disclosure Act of 2015 issue- lifetime income illustrations - H.R. 4067- Small Businesses Add Value Act (SAVE) of 2015 - components regarding open multiple employer plans, safe harbor for annuity plan selection, and lifetime income disclosure concepts - H.R. 506/S. 245 - Automatic IRA Act of 2015 - all provisions - SAFE Act, (yet to be reintroduced) making reforms to government plan use of annuities, as well as other reforms to the private marketplace and regulation
Client expense: $1,490,000 · Firm income: Not reported
Government targets: Federal Reserve System, HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR)
2016 · third_quarter · Retirement
- Issues related to insolvency of Social Security Disability Insurance Trust Fund. - H.R. 577/S. 266: Retirement Security Act of 2015 - amends ERISA & the IRC with respect to employer pension benefit plans and directs Treasury to prescribe final regulations to permit employers to participate in open multiple employer pension benefit plans. - H.R. 2317/S. 1317 - Lifetime income Disclosure Act of 2015 issue- lifetime income illustrations. - H.R. 4067- Small Businesses Add Value Act (SAVE) of 2015 -- components regarding open multiple employer plans, safe harbor for annuity plan selection and lifetime income disclosure concepts. - Senate Finance comprehensive retirement package - Retirement Enhancement Savings Act. (Inclusive of SAVE Act, LIDA and provisions related to lifetime income portability and open MEPs). - Multi-employer pension plan solutions discussions including composite plan draft (not yet reintroduced) by Rep John Kline. - H.R. 506/S. 245 - Automatic IRA Act of 2015 -- All provisions.
Client expense: $1,150,000 · Firm income: Not reported
Government targets: Federal Reserve System, HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR)
2016 · third_quarter · Retirement
S. 245, Automatic IRA Act of 2015 S. 324, SEAL Act S. 266, Retirement Security Act of 2015 - S. 1317 Lifetime Income Disclosure Act - S. 2110 - Womans Pension Protection Act of 2015 S. 2492 - Encouraging Americans to Save Act S. 3078 - Retirement Savings Lost and Found Act of 2016 S. 3240 - Pension and Budget Integrity Act of 2016 S. 3307 - A bill to amend the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974 to avoid duplicative annual reporting, and for other purposes S. 3338 - Small Business Employee Retirement Savings Act of 2016 S. 3417 - Receiving Electronic Statements to Improve Retiree Earnings Act - H.R. 2029 - Consolidated Appropriations Act, 2016 - H.R. 4236 - Financial Security Credit Act of 2015 - H.R. 4294 - Strengthening Access to Valuable Education and Retirement Support Act of 2015 - H.R. 4293 - Affordable Retirement Advice Protection Act H.R. 506, Automatic IRA Act of 2015 H.R. 577, Retirement Security Act of 2015 H.R. 1090, Retail Investor Protection Act (Wagner) - H.R. 2317 Lifetime Income Disclosure Act - H.R. 2656, Receiving Electronic Statements to Improve Retiree Earnings Act - H.R. 4955 - Pension and Budget Integrity Act of 2016
Client expense: $89,072 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Labor, Dept of (DOL), Pension Benefit Guaranty Corporation (PBGC), SENATE, Securities & Exchange Commission (SEC)
2016 · third_quarter · Retirement
Issues related to retirement security including: retirement plan standards, savings initiatives, the DOL fiduciary definition reproposal, lifetime income opportunities and public pension reform. S 266 / HR 557 Retirement Security Act of 2015. Issue: retirement security. S 245 / HR 506 Automatic IRA Act of 2015. Issue: retirement security. HR 3590 The Patient Protection and Affordable Care Act. Issue: assessments under state-based insurance exchanges. HR 2656 The Receiving Electronic Statements to Improve Retiree Earnings Act. Issue: electronic disclosure of retirement plan notices. S 1317 / HR 2317 Lifetime Income Disclosure Act. Issue: lifetime income illustration. Draft legislation amending Affordable Care Act provisions on health exchange assessments. Draft legislation to facilitate disability income insurance options for employees. S 2505 / HR 4294 SAVERS Act of 2015. HR 4067 SAVE Act of 2015. No bill number: Retirement Enhancement and Savings Act of 2016. Retirement Improvements and Savings Enhancement Act Discussion Draft. House GOP Blueprint on Tax Reform. Issue: retirement security.
Client expense: $250,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · third_quarter · Retirement
Department of Labor's regulation modifying the definition of a fiduciary under ERISA and related issues. Securities and Exchange Commission regulation pursuant to Section 913 of Dodd-Frank. H.R. 2317, S. 1317, Lifetime Income Disclosure Act, all provisions. Issues related to Qualified Longevity Annuity Contracts. Retirement Enhancement and Savings Act of 2016, provisions related to annuities and retirement plans. Savings Enhancements (RISE) Act of 2016, all provisions.
Client expense: $980,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · third_quarter · Insurance
H.R.1550-Financial Stability Oversight Council Improvement Act of 2015 - SIFI Designation and Process, S. 1317- Lifetime Income Disclosure Act
Client expense: Not reported · Firm income: $60,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · third_quarter · Retirement
H.R. 506, S. 245, S. 266, H.R. 557 - Multiple Small Employer Plans - issues relating to MEPs/MSEPs H.R. 2317, S. 1317 - Lifetime Income Disclosure & Regulatory Issues - all provisions H.R. 506 - Automatic IRA - all Provisions No Bill # - Proposed DOL Fiduciary Regulations - all provisions N/A - GMWB Interpretive Issues in terms of possible guidance No Bill # - Electronic Disclosure - ERISA/Internal Revenue Code - issues/provisions relating to the use of electronic disclosure by employee benefit plans N/A - Issues relating to DOL Safe Harbor for Selection of Annuity Providers No Bill # - Issues relating to Annuity Selection Safe Harbor N/A - Issues relating to target date funds N/A - Issues relating to guide/index for ERISA 408b-2 fee disclosures No Bill # - Non Cash Compensation on annuity sales
Client expense: $2,180,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Office of Management & Budget (OMB), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), State, Dept of (DOS), Treasury, Dept of, U.S. Trade Representative (USTR)
2016 · third_quarter · Retirement
H.R. 2317 and S. 1317: Lifetime Income Disclosure Act. ISSUE: lifetime income illustration H.R. 4067, the Small Businesses Add Value for Employees (SAVE) Act of 2015. ISSUE: Lifetime income illustration and annuity accessibility. Senate Finance Committee draft legislation, Retirement Enhancement and Savings Act of 2016 (no bill number. ISSUE: Lifetime income illustration and annuity accessibility.
Client expense: $620,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
Retirement Security as in the following bills: S324 - Shrinking Emergency Account Losses Act of 2015 (SEAL Act) HR506/S245 - Automatic IRA Act of 2015 HR557/S266 - Retirement Security Act of 2015 HR2317/S1317 - Lifetime Income Disclosure Act of 2015 HR2656 - Receiving Electronic Statements to Improve Retiree Earnings (RETIRE) Act of 2015 S3025 - Graduate Student Savings Act of 2016 S3417 - Receiving Electronic Statements to Improve Retiree Earnings (RETIRE) Act of 2016 Retirement Enhancement and Savings Act of 2016 Retirement Improvements and Savings Enhancements (RISE) Act DOL & SEC Fiduciary Proposals (DOL Fiduciary Definition Regulation/SEC Project to Harmonize Broker-Dealer Fiduciary Standards) as in the following bills: HR1090 - Retail Investor Protection Act of 2015 HR4294 - Strengthening Access to Valuable Education and Retirement Support (SAVERS) Act HR4293 - Affordable Retirement Advice Act Providing Lifetime Income Illustrations on Retirement Benefit Statements Tax Benefits of Defined Contribution Plans Defined Contribution Retirement Plan Design and Modernization Fiduciary Concerns Related to Advice and Education in Retirement Plans Stretch IRA Electronic Delivery of Plan Documents Retirement Plan Consolidation Tax Reform as it relates to retirement plans Qualified Default Investment Alternatives (QDIA) Safe Harbor for Plan Sponsors Including Annuity Providers on Plan Menus Retirement Plan Fees
Client expense: $370,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Natl Economic Council (NEC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of
2016 · third_quarter · Retirement
H.R. 506/ S. 245: Automatic IRA Act of 2015. Issue: retirement security H.R. 557/ S. 266: Retirement Security Act of 2014. Issue: retirement security H.R. 3590-The Patient Protection and Affordable Care Act, Issue: Assessments under state-based insurance exchanges. H.R. 2656 - The Receiving Electronic Statements to Improve Retiree Earnings Act. Issue: electronic disclosure of retirement plan notices. HR 2317/ S. 1317 - Lifetime Income Disclosure Act. Issue: lifetime income illustration S. Amendment 2761 to H.R. 1314-Bipartisan Budget Act of 2015. To amend the Internal Revenue Code of 1986 to reduce the payroll tax for self-employed individuals enrolled in a private disability insurance plan, and for employers that provide such plans to their employees. Issue: disability insurance. H.R. ___/S.___ Draft legislation amending Affordable Care Act provisions on health exchange assessments. Issue: Health Exchange Assessments H.R.___/S.___Draft legislation to facilitate disability income insurance options for employees. Issue: Disability income insurance. H.R. 3922 - Retirement Choice Protection Act. Issue: Department of Labors proposed fiduciary rule H.R. 4294 - SAVERS Act. Issue: Department of Labors proposed fiduciary rule H.R. 4293 - Affordable Retirement Advice Protection Act. Issue: Department of Labors proposed fiduciary rule H.R. 4067 - SAVE Act of 2015. Issue: retirement security H.R. ___/S.___ Draft legislation on tax treatment and consumer financing for long-term care insurance. Issue: Social Security Disability Insurance (SSDI) hearing decision backlog S. 3307 - Bill to avoid duplicate annual reporting on Form 5500 No bill number assigned: Retirement Enhancement and Savings Act of 2016 (passed by Senate Finance Committee on 9/21/16) Retirement Improvements and Savings Enhancement Act Discussion Draft House GOP Blueprint on Tax Reform
Client expense: $620,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · third_quarter · Retirement
RET - Third Quarter Report - 2016 H.R. 506/ S. 245: Automatic IRA Act of 2015. Issue: retirement security H.R. 557/ S. 266: Retirement Security Act of 2015. Issue: retirement security H.R. 2317/ S. 1317 - Lifetime Income Disclosure Act. Issue: lifetime income illustration H.R. 2656 - The Receiving Electronic Statements to Improve Retiree Earnings Act. Issue: electronic disclosure of retirement plan notices. H.R. 3590-The Patient Protection and Affordable Care Act, Issue: Assessments under state-based insurance exchanges. H.R. 4067 - SAVE Act of 2015. Issue: retirement security H.R. ___/S.___ Draft legislation amending Affordable Care Act provisions on health exchange assessments. Issue: Health Exchange Assessments H.R.___/S.___ Draft legislation to facilitate disability income insurance options for employees. Issue: Disability income insurance. H.R. ___/S.___ Draft legislation on tax treatment and consumer financing for long-term care insurance. Issue: Social Security Disability Insurance (SSDI) hearing decision backlog S. Amendment 2761 to H.R. 1314-Bipartisan Budget Act of 2015. To amend the Internal Revenue Code of 1986 to reduce the payroll tax for self-employed individuals enrolled in a private disability insurance plan, and for employers that provide such plans to their employees. Issue: disability insurance. No bill number assigned: Retirement Enhancement and Savings Act of 2016 (passed by Senate Finance Committee on 9/21/16) Retirement Improvements and Savings Enhancement Act Discussion Draft House GOP Blueprint on Tax Reform
Client expense: $1,230,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · third_quarter · Retirement
S. 266 - Retirement Security Act of 2015 (Collins) S. 1317 - Lifetime Income Disclosure Act (Isakson) S. 2472 - American Savings Account Act of 2016 (Merkley) S. 3078 - Retirement Savings Lost and Found Act of 2016 (Warren) Retirement Enhancement Act of 2016 (Hatch) H.R. 557 - Retirement Security Act of 2015 (Buchanan) H.R. 2317 - Lifetime Income Disclosure Act (Messer) H.R. 2656 - Receiving Electronic Statements to Improve Retiree Earnings Act (Polis) H.R. 5450 - American Savings Account Act of 2016 (Huffman) H.R. 5805 - Retirement Savings Lost and Found Act of 2016 (Messer) State-Run Retirement Plans
Client expense: $1,546,831 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE
2016 · third_quarter · Retirement
Issues related to IRA and pension reform. Issues related to investment advice made in connection with retirement products: H.R. 1090, S. 1317 and H.R. 2317. Issues related to individuals and businesses investing in retirement vehicles, plan funding limits, participation and disclosure rules, exemptions, employer and plan sponsor duties and safe harbors: H.R. 4293, S. 2502, H.R. 506, S. 245, H.R. 3050 and H.R. 4094.
Client expense: $568,000 · Firm income: Not reported
Government targets: Centers For Medicare and Medicaid Services (CMS), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Internal Revenue Service (IRS), Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of
2016 · third_quarter · Retirement
FY 2017 Federal Budget Proposal - retirement policy initiatives Tax reform - employer sponsored retirement plans House Republicans Tax Reform Task Force Defined Benefit Plan Issues Mortality table updates De-risking pensions methods Non-discrimination issues affecting defined benefit plans PBGC premiums Hybrid plan rules Pension Portability Act - S. 2147/H.R. 4029 Pension and Budget Integrity Act of 2016 - H.R. 4955/S. 3240 Defined Contribution Plan Issues Retirement plan coverage Lifetime income Plan fees Shrinking Emergency Account Losses (SEAL) Act - S. 324 Automatic IRA Act of 2015 - H.R. 506/S. 245 Retirement Security Act of 2015 - H.R. 557/S. 266 Retail Investors Protection Act - H.R. 1090 The Lifetime Income Disclosure Act - S. 1317/H.R. 2317 Retirement Savings Lost and Found Act of 2016 - S. 3078/H.R. 5805 Retirement Choice Protection Act of 2015 - H.R. 3922 Small Businesses Add Value for Employees Act (SAVE) Act of 2015 - H.R. 4067 Womens Pension Protection Act of 2015 - S. 2110/H.R. 4235 Receiving Electronic Statements to Improve Retiree Earnings Act - H.R. 2656/S. 3417 Affordable Retirement Advice Protection (ARAP) Act - H.R. 4293 Strengthening Access to Valuable Education & Retirement Support (SAVERS) Act - H.R. 4294 Financial Choice Act of 2016 - H.R. 5983 Secure, Accessible, Valuable, Efficient, Universal Pension (SAVE UP) Act - H.R. 5731 EEOC Reform Act - S. 2693 Retirement Improvements and Savings Enhancements (RISE) Act of 2016 - Early Draft of retirement reform legislation Retirement Enhancement and Savings (RES) Act - modified version Final Fiduciary Definition/Conflict of Interest Rule Proposed & New Revisions to EEO-1 Form - annual Employer Information Report Proposed Form 5500 Changes Executive & nonqualified deferred compensation Multiemployer pension plan issues Multiple employer plans (MEPs) State retirement plan initiatives Plan administration - certification of hardship withdrawals and determination letter program Paid leave proposals and issues - Healthy Families Act, S.497/H.R. 932, Working Families Flexibility Act, S. 233 Student loan repayment benefit - Employer Participation in Student Loan Assistance Act - S. 2467/H.R. 3861 Missing Participants
Client expense: $199,689 · Firm income: Not reported
Government targets: Centers For Medicare and Medicaid Services (CMS), Equal Employment Opportunity Commission (EEOC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Internal Revenue Service (IRS), Labor, Dept of (DOL), Office of Management & Budget (OMB), Pension Benefit Guaranty Corporation (PBGC), SENATE, Treasury, Dept of
2016 · third_quarter · Retirement
H.R. 506/ S. 245: Automatic IRA Act of 2015. Issue: retirement security H.R. 557/ S. 266: Retirement Security Act of 2015. Issue: retirement security H.R. 3590-The Patient Protection and Affordable Care Act, Issue: Assessments under state-based insurance exchanges. H.R. 2656 - The Receiving Electronic Statements to Improve Retiree Earnings Act. Issue: electronic disclosure of retirement plan notices. HR 2317/ S. 1317 - Lifetime Income Disclosure Act. Issue: lifetime income illustration S. Amendment 2761 to H.R. 1314-Bipartisan Budget Act of 2015. To amend the Internal Revenue Code of 1986 to reduce the payroll tax for self-employed individuals enrolled in a private disability insurance plan, and for employers that provide such plans to their employees. Issue: disability insurance. H.R. ___/S.___ Draft legislation amending Affordable Care Act provisions on health exchange assessments. Issue: Health Exchange Assessments H.R.___/S.___ Draft legislation to facilitate disability income insurance options for employees. Issue: Disability income insurance. HR 4067 - SAVE Act of 2015. Issue: retirement security H.R. ___/S.___ Draft legislation on tax treatment and consumer financing for long-term care insurance. Issue: Social Security Disability Insurance (SSDI) hearing decision backlog No bill number assigned: Retirement Enhancement and Savings Act of 2016 (passed by Senate Finance Committee on 9/21/16) Retirement Improvements and Savings Enhancement Act Discussion Draft House GOP Blueprint on Tax Reform
Client expense: $1,071,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · second_quarter · Retirement
S. 1270, "SAFE Retirement Act of 2013". S. 1317, "Lifetime Income Disclosure Act". S. 1970, "The Retirement Security Act of 2014". S. 1557, "Automatic IRA Act", a bill to amend the Internal Revenue Code to promote and simplify Qualified Plans. H.R. 1, A proposal relating to Tax Reform released by Chairman David Camp of the House Ways and Means Committee (2013). H.R. 1534, "Small Business Add Value for Employees Act". H.R. 2035, "Automatic IRA Act of 2013" - Amends the Internal Revenue Code to require certain employers who do not maintain qualifying retirement plans or arrangements to make available to their eligible employees a payroll deposit individual retirement account (IRA) arrangement. H.R. 2117, "Retirement Plan Simplification and Enhancement Act of 2013". H.R. 2317, "Lifetime Income Disclosure Act". H.R.4294 - SAVERS Act of 2015 Dept. of Labor, final rule adding Section 2520.104(b)-1(c), Electronic Distribution of Disclosures Required by Title 1 of ERISA, 75 FR 19285 (4/7/11). Dept. of Labor, final rule amending Sections 2509, 2510 and 2550 (definition of term "fiduciary", conflict of interest rule - retirement investment advice), (4/8/2016). Dept. of Labor proposed rule amending Section 2550.404a-4, Selection of Insurers to provide guaranteed retirement income- safe harbor for individual account plans.
Client expense: $750,000 · Firm income: Not reported
Government targets: Commodity Futures Trading Commission (CFTC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of
2016 · second_quarter · Retirement
H.R. 2317 and S. 1317: Lifetime Income Disclosure Act. ISSUE: lifetime income illustration H.R. 4067, the Small Businesses Add Value for Employees (SAVE) Act of 2015. ISSUE: Lifetime income illustration and annuity accessibility. H.R. 1090 and S.2497, the Retail Investor Protection Act, related to the issuance of regulations under the Employee Retirement Income Security Act of 1974 (ERISA) defining the circumstances under which an individual is considered a fiduciary. H.R. 4293 and S. 2502: the Affordable Retirement Advice Protection Act, to amend the Employee Retirement Income Security Act of 1974 to ensure that retirement investors receive advice in their best interests, and for other purposes. H.R. 4294 and S. 2505: the Strengthening Access to Valuable Education and Retirement Support (SAVERS) of 2015, to amend the Internal Revenue Code of 1986 to ensure that retirement investors receive advice in their best interests, and for other purposes.
Client expense: $630,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · second_quarter · Retirement
- Issues related to insolvency of Social Security Disability Insurance trust fund - H.R. 577/S. 266: Retirement Security Act of 2015 - amends ERISA & the IRC with respect to employer pension benefit plans and directs Treasury to prescribe final regulations to permit employers to participate in open multiple employer pension benefit plans - H.R. 2317/S 1317 - Lifetime income Disclosure Act of 2015 issue- lifetime income illustrations - H.R. 4067- Small Businesses Add Value Act (SAVE) of 2015 - components regarding open multiple employer plans, safe harbor for annuity plan selection, and lifetime income disclosure concepts - H.R. 506/S. 245 - Automatic IRA Act of 2015 - all provisions - SAFE Act, (yet to be reintroduced) making reforms to government plan use of annuities, as well as other reforms to the private marketplace and regulation
Client expense: $1,470,000 · Firm income: Not reported
Government targets: Federal Reserve System, HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR)
2016 · second_quarter · Retirement
Department of Labor's proposed regulation modifying the definition of a fiduciary under ERISA and related issues. Securities and Exchange Commission regulation pursuant to Section 913 of Dodd-Frank. H.R. 4294, The Strengthening Access to Valuable Education and Retirement Support Act, all provisions. H.R. 4293, The Affordable Retirement Advice Protection Act, all provisions. H.R. 2317, S. 1317, Lifetime Income Disclosure Act, all provisions. Issues related to Qualified Longevity Annuity Contracts.
Client expense: $940,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of