News You Can Use: Final regs on distributions to nonspouses

The Employee Benefits Security Administration recently released final regulations that amend existing distribution requirements for defined contribution plans to allow rollovers into inherited IRAs for missing nonspouse beneficiaries. Effective Nov. 6, the rules clarify certain provisions of the Pension Protection Act.

News You Can Use: DOL says returns trump responsibility in pensions

All you DB plan sponsors out there investing in socially responsible funds to make money and a difference: Quit it! According to EBSA, the benefits arm of the Dept. of Labor, generating big returns are the only consideration plan sponsors may consider – not “political, corporate or other purposes.”