• Contact Us
  • 484-574-8782

Torrillo & Associates

  • Home
  • About
    • specialists
    • our team
    • Careers
  • Audit Process
  • Services
    • CPA firm partnership
  • Clients
  • Videos
  • Blog

DOL Issues Guidance on Missing Participants and Transfers to State Unclaimed Property Funds

  • 0
David Torrillo
Tuesday, January, 14, 2025 / Published in Employee Benefit Plans, Forms and Procedures, News and Press Releases, Policy Updates, Retirement - 401(k), 403(b)
Field Assistance Bulletin No. 2025-01, Missing Participants and Beneficiaries – Pension Plans’ Transfer of Small Retirement Benefit Payments to State Unclaimed Property Fund, announces a temporary enforcement policy applicable to small retirement benefit payments owed to missing participants or beneficiaries that a responsible plan fiduciary voluntarily decides to pay over to a state unclaimed property
401(k)403(b)DOLEBSAEnforcement prioritiesUnclaimed Property

DOL Updates the Voluntary Fiduciary Correction Program

  • 0
David Torrillo
Tuesday, January, 14, 2025 / Published in Employee Benefit Plans, Forms and Procedures, News and Press Releases, Retirement - 401(k), 403(b)
Following up on proposed changes, the DOL has updated its Voluntary Fiduciary Correction Program (VFCP). The changes under the program now allow employers and plan officials to self-correct certain transactions without submitting a VFCP application. Read More
401(k)DOLEBSAVFCP

DOL Starts Information Collection Request to Build Retirement Savings Lost and Found Database

  • 0
David Torrillo
Tuesday, November, 19, 2024 / Published in Employee Benefit Plans, Forms and Procedures, News and Press Releases, Retirement - 401(k), 403(b)
On November 18, 2024, the U.S. Department of Labor’s Employee Benefits Security Administration issued a notice requesting information from retirement plan administrators that will allow it to begin populating the Retirement Savings Lost and Found database, an online search tool to help America’s workers locate lost retirement savings they earned. Read More
401(k)403(b)DOLEBSAMissing ParticipantsRetirement Savings Lost and Found

DOL Updates Cybersecurity Guidance

  • 0
David Torrillo
Monday, September, 09, 2024 / Published in Employee Benefit Plans, News and Press Releases, Policy Updates, Retirement - 401(k), 403(b)
In its continuing effort to protect U.S. workers’ retirement and health benefits, the U.S. Department of Labor updated current cybersecurity guidance confirming that it applies to all types of plans governed by the Employee Retirement Income Security Act, including health and welfare plans, and all employee retirement benefit plans. Read More
401(k)403(b)CybersecurityDefined Benefit PlansDOLEBSAEnforcement prioritiesPension Plans

DOL Issues Retirement Security Rule

  • 0
David Torrillo
Tuesday, April, 23, 2024 / Published in Employee Benefit Plans, News and Press Releases, Policy Updates, Retirement - 401(k), 403(b)
On April 23, 2024, the U.S. Department of Labor released the Retirement Security Rule defining who is an investment advice fiduciary for purposes of the Employee Retirement Income Security Act (ERISA). Read More
401(k)DOLEBSAFiduciary RulePlan Fiduciary Updateretirement savingsRetirement Security Rule

DOL ANNOUNCES PROPOSED INFORMATION COLLECTION TO BUILD ONLINE SEARCH TOOL TO HELP FIND ‘LOST’ RETIREMENT SAVINGS

  • 0
David Torrillo
Wednesday, April, 17, 2024 / Published in Employee Benefit Plans, Forms and Procedures, News and Press Releases, Retirement - 401(k), 403(b)
The U.S. Department of Labor announced on April 15, 2024 that its Employee Benefits Security Administration is proposing to collect information from plan administrators on a voluntarily basis to establish an online search tool to help America’s workers locate lost retirement savings they earned. Read More
401(k)403(b)DOLEBSAEFAST 2 Filing of Form 5500sForm 5500Pension Plansretirement savingsSearch Tool

DOL Releases Proposed Regulation On Automatic Portability Transactions

  • 0
David Torrillo
Saturday, January, 20, 2024 / Published in Employee Benefit Plans, News and Press Releases, Retirement - 401(k), 403(b)
The Employee Benefits Security Administration of the Department of Labor (DOL) recently released a proposed regulation on automatic portability transactions under SECURE 2.0 Act of 2022. The goal of automatic portability transactions is to help workers keep track of their retirement savings accounts and improve retirement security by reducing cash-outs when they change jobs. Read More
401(k)Automatic Portability TransactionsDOLEBSAretirement savings
  • 1
  • 2
  • 3

Recent Posts

  • DOL Issues Guidance on Missing Participants and Transfers to State Unclaimed Property Funds

    Field Assistance Bulletin No. 2025-01, Missing ...
  • DOL Updates the Voluntary Fiduciary Correction Program

    Following up on proposed changes, the DOL has u...
  • Proposed Regulations on New Automatic Enrollment Requirement

    The Department of the Treasury and the Internal...

Categories

  • Employee Benefit Plans
  • Forms and Procedures
  • News and Press Releases
  • Policy Updates
  • Retirement – 401(k), 403(b)
  • Uncategorized

Torrillo & Associates, LLC specializes in employee benefit plan audits, 401k audits, 403b audits, pension plan audits, and retirement plan audits. We are licensed in 7 states including New York, New Jersey, and Pennsylvania.  With firm mobility, we are also able to practice in an additional 27 states.

36 Regency Plaza
Glen Mills, PA 19342

view on map »

Careers
Phone: 484-574-8782
Fax: 484-574-8785

  • GET SOCIAL
Torrillo & Associates

Copyright © 2010 to 2025 Torrillo & Associates, LLC. All rights reserved. v07.03.22.WPE| Privacy Policy | Terms of Use

TOP
X
Worried about your yearly Benefit Plan Audit? Call us now for a free consultation!
Call Us