The Department of Labor (DOL) released a final rule that expands who is considered a “fiduciary” when providing investment advice to retirement plans and their participants. The rule also applies to individual retirement accounts (IRAs) and health savings accounts (HSAs). After being delayed, the final rule became effective June 9, 2017. Under the rule, a … Continue reading New Fiduciary Rules
The Department of Labor (DOL) has officially dropped its support for the new overtime rule. The rule, originally scheduled to take effect in December 2016, was halted by a federal court soon before its enactment. The DOL plans to revisit the overtime rule and use a lower salary threshold. However, in the meantime, the DOL … Continue reading DID YOU KNOW?
Under the Health Insurance Portability and Accountability Act (HIPAA), a covered entity that experiences a ransomware attack or other cyber-related security incident must take immediate steps to prevent or mitigate any impermissible release of protected health information (PHI). The Department of Health and Human Services’ Office for Civil Rights (OCR) has issued a checklist to … Continue reading HIPAA Cyber Attack Response Checklist