Benefits Notes |

Employee benefits are an important part of every employees' total compensation package. The continuously evolving landscape in the areas of health care reform, retirement plan design, and executive compensation makes it difficult for employee benefits professionals to keep up with relevant developments. The employee benefits attorneys at Stinson Leonard Street provide human resources professionals, plan fiduciaries, actuaries, accountants, and others in the industry with practical and cost-effective assistance as they navigate through the complex laws, regulations and guidance that govern employee benefits plans. This blog highlights key developments in the employee benefits field and items of interest to our clients. Our Bloggers →

Benefits Notes Post

Bill Introduced To Delay Effective Date of DOL Fiduciary Rule

On January 6, 2017 Rep. Joe Wilson introduced a house bill that would delay for two years the effective date of the DOL Fiduciary Rule set to take effect on April 1, 2017.  http://src.bna.com/ldB.   This legislation follows comments from a number of Republican lawmakers critical of the DOL Rule, including members of the incoming Trump administration.

If passed, this legislation may provide Republican lawmakers an opportunity to eliminate or rewrite the Rule prior to its ultimate effective date. The normal administrative process for amendment or repeal of the Rule would require notice and comment periods that would impede the Trump administration from delaying or stopping the Rule before the April 1 2017 effective date.