ACLI Concerned IB 95-1 Changes Will Cause ‘Chilling Effect’ on PRT Market
The American Council of Life Insurers expressed support for DOL regulation, instead of an interpretive bulletin, to address concerns about...
Tag: Department of Labor (DOL)
Benefits |
EBSA’s Lisa Gomez Calls Auto-Portability Key to Retirement Security
The assistant secretary pointed to the start this week of the comment period on proposed auto-portability guidance.
DOL Would Oversee Annuity Sales, Rollovers Under New Proposal
The rule is open for public comment, with legal challenges expected almost immediately.
Rollovers, Investment Menu, Annuity Advice Standards to Be Overhauled in DOL Proposal
The DOL proposal would, under ERISA, assert jurisdiction over annuity sales and IRA rollovers.
Citi Gets DOL Approval for Diverse Manager Plan Fee Payments
The bank’s attorneys tout a positive response from the DOL on the program designed to promote diverse asset managers in...
Provider Due Diligence: Key to Avoiding Catastrophic Cyberattacks
The recent MOVEit breach highlighted the need for plan sponsors to carefully vet service providers in order to protect participants’...
Be Prepared: When a Cybersecurity Issue Occurs, Plan Sponsors Can Spring Into Action
Those with experience say ‘clear, concise communications’ and coordination with partners are vital in crafting an effective response.
Benefits |
Social Security Administration Cannot Calculate 2024 COLA if Government Shuts Down
The Bureau of Labor Statistics, which would shut down completely, produces the data necessary to update the COLA.
Republicans Challenge Acting Secretary of Labor’s Authority Amid Rumors of New Fiduciary Rule
Industry watchers expect the Department of Labor to submit a proposed new rule this month.
PSEG Annuitizes Benefits for 2,000 Retirees
The pension risk transfer deal only affects retirees and is not tied to a plan termination.
DOL Opens Public Comment on SECURE 2.0 Provisions
EBSA will take feedback for 60 days on defined contribution reporting requirements, PEPs and emergency savings accounts.
EBSA Announces Additional Fiduciary Compliance Seminars
The upcoming seminars will be held in Fort Wayne, Indiana, and Omaha, Nebraska.
DOL Bars Aliera Companies, CEO From Serving as ERISA Fiduciaries
The health insurance company and CEO Shelley Steele were accused of paying more than $100 million to themselves and affiliated...
American Airlines Seeks Dismissal of 401(k) ESG Complaint
The airline points out in a motion to dismiss that the ESG-related funds in question were only available through the...
Upcoming EBSA Webcast Will Focus on Helping Women Save for Retirement
The August 16 webinar will focus on challenges and circumstances women face when preparing for retirement, as well as how...
DOL Secures $124 Million Settlement on Behalf of DST Systems Participants
DST Systems Inc. was accused of mismanaging its profit-sharing 401(k) plan and failing to diversify the plan’s assets, which resulted...
Terminated Employee Alleges Twitter Didn’t Pay Promised Severance
The proposed class action brought by Twitter’s former head of people experience alleges Elon Musk and X Corp. violated ERISA...
EBSA Compliance Seminar Set for August
The seminar will take place in Buffalo, New York, and aims to educate plan sponsors about basic fiduciary responsibilities.
FAQ Clarifies Status of In-Network Providers, Facility Fees
The FAQ also strengthens the health care cost protections of the No Surprises Act.