Pension Operations Advisory Committee
The Pension Operations Advisory Committee works on addressing operational and compliance issues relating to retirement plans such as 401(k) plans, 403(b) arrangements, 457 plans and IRAs that invest in mutual funds or collective investment trusts.
Key Issues of Interest
- Implementation of legislative changes under the SECURE Act and SECURE 2.0 Act
- ERISA fiduciary advice rule implementation
- Form 5500 modifications
- Influencing and obtaining clarity from regulators on retirement plan and retirement product compliance requirements
- Sharing information on compliance practices and policies
- Advising regulators on operational implications of new requirements
Committee Meetings
The Pension Operations Advisory Committee holds six virtual meetings per year, plus additional meetings on specific topics as needed. The meetings are held jointly with the Pension Committee.
Membership Information
Each member firm generally may have two representatives on the Pension Operations Advisory Committee.
Committee Members
Colleague Access
Colleague Access gives committee representatives the ability to designate co-workers (i.e., non‑committee members) to view committee memos and materials online, receive notification of memos addressed to the committee via ICI Digest and participate in committee calls and meetings.
As committees may deal with confidential policy topics involving draft comment letters and conference calls, ICI limits the number of colleagues per firm who can be designated for Colleague Access. Only committee representatives (not alternates or substitutes) can activate Colleague Access, and colleagues must be employed by the committee member’s firm.
Pension Operations Advisory Committee representatives may designate at total of five individuals for colleague access.