DOL Proposes Required Annual Paper Statements for Retirement Plans
Plan administrators would have to mail at least one paper benefit statement each year, update e-delivery rules and absorb new...
Tag: Department of Labor (DOL)
Private Investments Could Put New Demands on Plan Fiduciaries
Regulatory clarity and evolving fund structures are increasing private market exposure in retirement plans, but experts say prudence, process and...
Attorneys Discuss Implications as PBMs Face Rebate Pass-Through Mandate, Fee-Disclosure Rules
Groom Law Group lawyers say new reporting, participant access and $10,000-per-day penalties could reshape PBM contracting—and raise fiduciary scrutiny of...
Kaiser to Pay $28M in Mental Health Care Settlement With DOL
In addition to monetary penalties, the provider agreed to reform its mental health and substance use disorder services.
Former DOL Officials, Industry Groups, Back Lockheed PRT Plaintiffs
The group countered the Department of Labor’s recent support for employers in litigation about the transactions.
DOL Issues Starkest Warning Yet in Fourth Forfeiture Amicus Brief
Writing in support of Honeywell, the department described forfeiture complaints as ‘lawyer-fabricated headaches.’
DOL Proposal Targets PBM Disclosure Information
The new rule would force pharmacy benefit managers to reveal how—and how much—they get paid.
DOL Files Third Amicus Brief in 401(k) Forfeiture Complaint
The department continues to voice its support for employers in appellate cases on the topic.
DOL’s Private Market Rule Expected to Focus on ‘Process’
As the comment period approaches for the Department of Labor’s long-awaited rule on defined contribution plan investments in alternative asset...
DOL De-Emphasizes ESOP Enforcement
The move aligns with EBSA Head Daniel Aronowitz’s pledge to ‘end the war’ on employee stock ownership plans.
DOL Submits Alternative Investments Rule to White House Department
The agency beat the 180-day deadline to provide guidance following an August 2025 executive order.
DOL Backs Lockheed in PRT Complaint
According to the Department of Labor, the plaintiffs lack standing, and it warns litigation could have negative effects on defined...
DOL Sides With JP Morgan in 401(k) Forfeiture Complaint
The department had previously supported employers in a similar legal case last July.
DOL Pledges to Push Back on ‘Regulation by Litigation’
Deputy Secretary Keith Sonderling also promised on Wednesday to deliver a new rule on the inclusion of private assets in...
DOL Pulls Amicus Brief That Supported Plaintiffs in Yale 403(b) Case
The Department of Labor has withdrawn a brief filed during the Biden administration backing allegations that Yale University’s employees paid...
DOL Expects to Release Guidance on Paper Statements, E-Disclosures
Retirement plan sponsors balance digital convenience with participant protections under SECURE 2.0.
Federal Agencies Release 2025 Benefits Plan Reporting Forms With Key Updates
Changes affect terminated multiemployer defined benefit plans; plans using a variable annuity benefit formula; and terminated single-employer PBGC-covered plans.
DOL Eyes Amicus Filing While States, Industry Back Lockheed Martin in PRT Case
The federal government, via the solicitor general and the DOL, is increasingly favoring employers in ongoing ERISA litigation, including on...
DOL Stops Defending Biden-Era Fiduciary Rule
The decision to withdraw from the court battle likely marks the end of the lengthy dispute over the retirement investment...
After 4 Weeks, How the Government Shutdown Is Affecting Retirement Plans
The industry awaits updates defining plan contribution limits for 2026, among others currently in limbo.