The Department of Labor (DOL) keeps a full plate on their
retirement regulatory agenda and research projects each year. Now
that the end of 2014 is closing, the DOL recently provided some
insight of where they stand on some of these items. In early
November, the ERISA Advisory Council presented their final
recommendations of this year's research projects. The DOL also
provided a bit of an update, too, in regards to their retirement
regulatory agenda at this meeting.
ERISA Advisory Council
The ERISA Advisory Council consists of 15 members appointed by
the Secretary of Labor. Three members represent employee
organizations, three represent employers and three others represent
the general public. The remaining six members each come from a
different field of expertise. One member each comes from insurance,
corporate trust, actuarial counseling, investment counseling,
investment management and accounting.