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...
Tag: Department of Labor (DOL)
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.
Cassidy Offers Support for Trump ESG Rule
The Department of Labor announced in May that it would rescind a Biden-era rule in favor of the stance favored...
Senate Confirms Janet Dhillon as PBGC Director
Dhillon was one of 108 nominees confirmed Tuesday night to fill a variety of Department of Labor and other federal...
Benefits |
‘Forgotten’ 401(k)s Have Doubled in Last Decade
The abandoned accounts now hold more than $2 trillion in assets, according to Capitalize.
What to Expect if the US Government Shuts Down
Funding will run dry if Congress does not agree to a funding resolution before October 1.
DOL Clears AllianceBernstein Lifetime Income Strategy for Use as QDIA
The advisory opinion could lead to greater adoption of annuity products.
House Committee Advances 3 Retirement Bills
Two of the measures target the DOL’s audit process, and another addresses ESOP valuation risks.
Proposed Bill Would Permit Transfer of Unclaimed Retirement Distributions to State Claim Programs
The legislation attempts to move lost savings closer to workers who might be able to claim them by directing them...
DOL Sides With Morgan Stanley: Deferred Pay Is a Bonus
The agency concluded that the firm’s deferred compensation program is not subject to ERISA.
Industry Groups Push DOL for Sub-Regulatory Guidance on 401(k) Private Market Investments
An executive order last month gave the agency six months to provide its regulatory agenda.
DOL Lays Out Regulatory Priorities
The Department of Labor’s agenda includes new proposals and suggests that both the ESG and fiduciary rules will be replaced.
Appropriations Committee FY26 Bill Proposes Slimmer DOL, EBSA Budgets
The proposed cuts reflect President Donald Trump’s previous budget recommendations and executive order urging federal agencies to work with less.
The DOL Transitions to Paperless Checks
The change will be effective September 30, according to a notice published in the Federal Register.
Republican Senators Ask DOL for Private Assets Safe Harbor
The letter comes weeks after an executive order that encouraged the agency to provide regulatory guidance on offering 401(k) plan...
What Plan Sponsors Should Look for From DOL on Private Assets in 401(k) Plans
New guidance is unlikely to lead to a swift increase in adoption, but a safe harbor looks like the only...
DOL Seeks Third Pause in Fiduciary Rule Case
The department asked for an extension lasting through October to consider its options in a federal case challenging the Biden-era...
Judge Allows 401(k) Forfeitures Case Against Bank of America to Proceed
As case law continues to see mixed results, U.S. District Judge Max Cogburn Jr. ruled the plaintiffs’ claims may continue,...
DOL Rescinds Biden-Era Guidance on Alternative Investments in 401(k) Plans
The decision comes as the department plans to follow President Donald Trump’s executive order to ‘clarify’ its stance on use...
DOL Withdraws Annuity Safe Harbor Final Rule After Blowback
The proposal would have repealed the protections offered in the Pension Protection Act of 2006.