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Article
Publication date: 23 November 2012

Ira Bogner, Robert Projansky, Steven Weinstein and Adam Scoll

The purpose of this paper is to explain the US Department of Labor's final regulations under Section 408(b)(2) of ERISA, concerning the fact that information investment advisers…

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Abstract

Purpose

The purpose of this paper is to explain the US Department of Labor's final regulations under Section 408(b)(2) of ERISA, concerning the fact that information investment advisers to ERISA‐covered pension plans and private investment funds deemed to hold the “plan assets” of ERISA‐covered pension plans must disclose regarding the services they provide and the compensation they receive to such ERISA plans.

Design/methodology/approach

The paper summarizes the material provisions of the Final Regulations that apply to investment advisers to funds deemed to hold plan assets, including definitions of “covered service providers” and “covered plans,” a listing of required disclosures, an explanation of disclosure timing and format, and a discussion of possible responses for advisers that are not covered service providers.

Findings

Under the Final Regulations, investment advisers to ERISA‐covered pension plans and private investment funds deemed to hold the “plan assets” of ERISA‐covered pension plans must disclose certain information regarding the services they provide and the compensation they receive to such ERISA plans.

Originality/value

The paper provides practical guidance from experienced financial services lawyers.

Details

Journal of Investment Compliance, vol. 13 no. 4
Type: Research Article
ISSN: 1528-5812

Keywords

Article
Publication date: 14 June 2011

Lennine Occhino, Linda Shore and Erika Gosker

The purpose of this paper is to describe interpretive and compliance issues arising under the Labor Department's interim final regulations under the statutory exemption for the…

Abstract

Purpose

The purpose of this paper is to describe interpretive and compliance issues arising under the Labor Department's interim final regulations under the statutory exemption for the provision of services provided by Section 408(b)(2) of ERISA, which will become effective on January 1, 2012.

Design/methodology/approach

The paper analyzes the published interim final regulations and considers significant comments filed in response to the proposed regulations.

Findings

Effective January 1, 2012, covered service providers who rely on the statutory exemption for the provision of services provided by Section 408(b)(2) must begin complying with the interim final amendments to the regulations under Section 408(b)(2) (the “Regulation”). Among other changes, the Regulation will require service providers to provide additional disclosures of direct and indirect compensation and to identify whether they expect that they will be providing services as a fiduciary or as a registered investment adviser. The primary purpose of the Regulation is to assist plan sponsors in evaluating service provider relationships, including total compensation that will be received by the service provider and conflicts of interests to which the service provider may be subject. The Regulation will apply to both new and existing service provider arrangements on January 1, 2012. Failure to comply with the Regulation may result in the assessment of excise taxes under Section 4975 of the Internal Revenue Code unless other exemptive relief is available. Service provider arrangements may be eligible for exemptive relief under certain other statutory and administrative exemptions.

Originality/value

The paper describes possible compliance issues that may arise under the Regulation and identifies and evaluates interpretive and compliance issues that have been noted since the proposed amendments were published.

Details

Journal of Investment Compliance, vol. 12 no. 2
Type: Research Article
ISSN: 1528-5812

Keywords

Abstract

Details

The Creation and Analysis of Employer-Employee Matched Data
Type: Book
ISBN: 978-0-44450-256-8

Abstract

Details

Modelling Our Future: Population Ageing, Health and Aged Care
Type: Book
ISBN: 978-1-84950-808-7

Article
Publication date: 1 June 2017

Özlem Atalan and Hasan Şahan Arel

Commercial areas and bedestens (covered bazaars) are important public areas in Turkish cities and towns. These areas and buildings are essential in that they contribute vital…

Abstract

Commercial areas and bedestens (covered bazaars) are important public areas in Turkish cities and towns. These areas and buildings are essential in that they contribute vital economic and social characteristics to Turkish cities and towns. In the Ottoman period, these commercial areas, alongside inns, baths, mosques, and stores, were engaged in trading and manufacturing and formed a central part of life for the residents. The number of bedestens in a given city was dependent on the size of the city or town. All social, administrative, and economic activities were organized within these bedestens. Commercial structures, in which the bedestens are located, with different functions, such as arasta, inns, markets, covered markets, and stores, are the main components of the commercial districts. These structures were built by the order of the Sultan for the purpose of reviving and providing direction to the economic life of the city or town. One of the key components of these commercial structures was the bedestens. In terms of Turkish culture, a bedesten can be defined as the heart of the commercial district. Although these structures were built to sell textiles, they later functioned as places where antiques and/or valuable goods were also sold. Bedestens were usually a unique type of structure, with masonry masses between wooden stores located in the middle of the trade center of the city or town. The top of the bedesten, which was usually built as one storey and rectangular in shape, had a domed roof covered with lead. In this study, spatial analyses of these important architectural elements were conducted in terms of city planning, folk culture and commercial life. The bedestens selected for the study were those in historical cities located at major commercial road axes from the Ottoman period. The bedestens in these historical cities were examined, within the context of their planning, and assessments were made. The relations that these structures have with each other in general, and their common and different features, were also investigated.

Details

Open House International, vol. 42 no. 2
Type: Research Article
ISSN: 0168-2601

Keywords

Article
Publication date: 31 May 2004

Yun Chu, Jianyu Ma and Walter E. Greene

Recognizing the difference of labor laws between the U.S. and China, the U.S. parties need to recognize the differences when negotiating and investing in China, because some of…

Abstract

Recognizing the difference of labor laws between the U.S. and China, the U.S. parties need to recognize the differences when negotiating and investing in China, because some of the clauses can be settled when signing contracts or agreements. For China’s part, minimum wages are crucial for them to remember when they do business in the U.S.; the good thing is that they do not have to pay holidays that are different from China. Overall, the benefits are tremendous when the differences are recognized in advance of investments, contracts or agreement negotiations. Recognizing the differences between the two labor acts will avoid unnecessary cost and conflicts.

Details

International Journal of Commerce and Management, vol. 14 no. 2
Type: Research Article
ISSN: 1056-9219

Keywords

Article
Publication date: 1 February 2001

Leeroy Chaffin and Brian H. Kleiner

Briefly charts the history of the development and subsequent regulation of the pension. Discusses the implications for pensions of the US Enactment of the Internal Revenue Code…

164

Abstract

Briefly charts the history of the development and subsequent regulation of the pension. Discusses the implications for pensions of the US Enactment of the Internal Revenue Code provisions. Looks at what is covered by this legislation and the subsequent exemptions. Covers the areas of reporting and disclosure, participation, vesting, funding, fiduciary standards, enforcement and administration, Iras and Keogh plans and contribution and benefit limits. Concludes with a summary of tax legislation from 1975‐1978 and other recent legislation.

Details

Managerial Law, vol. 43 no. 1/2
Type: Research Article
ISSN: 0309-0558

Keywords

Article
Publication date: 1 May 2003

Haralabos Stamatakis, Dimitris Gargalianos, Yiannis Afthinos and Pantelis Nassis

Identifies major issues of the contingency planning process covered by the Sydney Organizing Committee of Olympic Games (SOCOG) with regard to the various venues. For the…

3308

Abstract

Identifies major issues of the contingency planning process covered by the Sydney Organizing Committee of Olympic Games (SOCOG) with regard to the various venues. For the evaluation of the findings the Australian Business Excellence Framework has been used. The methodology includes a literature review and five in‐depth interviews with individuals who played an active role in the planning process. The results indicate that as far as the overall planning process is concerned, there has been: a lack of communication between the three levels of hierarchy within SOCOG 2000 (senior management, contingency planning project team and venue teams); a limited involvement of the venue management in the process in all levels; a poor follow up regarding the evaluation and the documentation of the contingency plans made; and a considerable inadequacy in terms of “real life” exercises that would enable the venue teams’ personnel to practice what has been planned.

Details

Facilities, vol. 21 no. 5/6
Type: Research Article
ISSN: 0263-2772

Keywords

Book part
Publication date: 12 November 2015

Kevin P. Brady and Cynthia A. Dieterich

According to the Centers for Disease Control and Prevention (CDC), the number of children diagnosed with autism has increased dramatically, especially over the past decade. Most…

Abstract

According to the Centers for Disease Control and Prevention (CDC), the number of children diagnosed with autism has increased dramatically, especially over the past decade. Most recently, the CDC estimates that an average of one in 88 children have an autism spectrum disorder (ASD). In terms of numbers, this translates into approximately 730,000 people between the ages of 0 and 21 who have ASD. While the primary cause(s) of increases in the identification of autistic students continue to generate debate school officials across the nation need to be prepared for the changing legal landscape associated with children diagnosed with ASD. The primary purpose of this chapter is to provide a detailed legal/policy update of the leading legal considerations and concerns involving K-12 students with autism. The chapter will discuss four specific legal topics involving the identification and eligibility of K-12 students with autism. These four legal topics include: Changes in the New DSM-5 Diagnostic Manuel and its Impact on Legal Definitions of Autism; Insurance Reform and Autism Coverage: A Comparison of the States; Developing Legally Compliant Individualized Education Plans (IEPs) for High-Functioning Students with Autism, and; Recent Legal Developments in Case Law Involving K-12 students who are autistic. The chapter will conclude with a detailed discussion of how today’s school officials can become more legally literate and better serve the legal needs of students with autism in their schools.

Details

Legal Frontiers in Education: Complex Law Issues for Leaders, Policymakers and Policy Implementers
Type: Book
ISBN: 978-1-78560-577-2

Book part
Publication date: 20 June 2003

Mark C Berger, Dan A Black, Amitabh Chandra and Frank A Scott

In the spirit of Polachek (1975) and the later work of Becker (1985) on the role of specialization within the family, we examine the relationship between fringe benefits and the…

Abstract

In the spirit of Polachek (1975) and the later work of Becker (1985) on the role of specialization within the family, we examine the relationship between fringe benefits and the division of labor within a married household. The provision of fringe benefits is complicated by their non-additive nature within the household, as well as IRS regulations that stipulate that they be offered in a non-discriminatory manner in order to maintain their tax-exempt status. We model family decisions within a framework in which one spouse specializes in childcare and as a result experiences a reduction in market productive capacity. Our model predicts that the forces toward specialization become stronger as the number of children increase, so that the spouse specializing in childcare will have some combination of lower wages, hours worked, and fringe benefits. We demonstrate that to the extent that labor markets are incomplete, the family is less likely to obtain health insurance from the employer of the spouse that specializes in childcare. Using data from the April 1993 CPS we find evidence consistent with our model.

Details

Worker Well-Being and Public Policy
Type: Book
ISBN: 978-1-84950-213-9

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