While the Board supports economic development for the State of Maryland, the Board is also acutely aware of its fiduciary responsibilities. Under the final regulations, MEWAs and ECEs will incur costs to fill out and electronically file the.Form M-1 and Form 5500. Johnny Isakson (RGA), would amend ERISA to establish a statutory definition of "investment advice" under the applicable fiduciary provisions. These rules require that plan fiduciaries act. Section 321 of the SECURE 2.0 Act of 2022,1 entitled "Review of Pension Risk Transfer. As Plan fiduciaries violated ERISA. (Compl. The Proposal explicitly rules out the possibility of utilizing disclaimers as an endrun around fiduciary status under ERISA. In practice, however, these plans will end up saving taxpayer funds: If Maryland doesn't act now,. Read Meridian Funds Grp. Sec. v.