Financial Services Company CoreLogic Targeted in ERISA Suit
The lawsuit seeks to recover retirement plan losses due to alleged mismanagement of CoreLogic’s 401(k) retirement plan.
Tag: Department of Labor (DOL)
Churchill Holdings ESOP Participants Sue
The lawsuit plaintiffs are ESOP participants holding vested shares of Churchill stock in their accounts who were employed at Churchill...
Senate HELP Committee Asks DOL to Focus on 6 SECURE 2.0 Provisions
Areas including emergency savings and employee ownership were identified as 2024 brings more SECURE 2.0 regulatory deadlines.
IRS Issues Interim EPCRS Correction Guidance Under SECURE 2.0
Plan sponsors can make additional corrections via SCP, rather than VCP, while a “reasonable amount of time” to discover an...
DOL Will Not Appeal 401(k) Rollover Rule, ASA Says
The trade group that sued the DOL says the regulator will not insist that rollover advice should be subject to...
DOL Proposes Extending UBS, Credit Suisse QPAM Exemptions
The two Swiss financial firms are relying on exemptions granted by the DOL to keep managing retirement plan assets, when...
ESOP Lawsuit Follows Sale to Private Equity Firm
A New Jersey-based graphite manufacturer is alleged to have failed to operate the employee stock ownership plan in the best...
University of Vermont Medical Center Plan Sued for ERISA Breaches
The university medical center’s retirement plan failed to disclose revenue sharing or float income and caused workers to pay excessive...
DOL Sues Shuttered Arizona Computer Company Profit-Sharing Plan
The Department of Labor alleges a closed computer equipment supplier and services company abandoned responsibility for its profit-sharing plan in...
Julie Su’s Nomination to Head DOL Advances From Committee
Su's confirmation as Secretary of Labor faces a close Senate vote.
Benefits |
DOL Sues Profit-Sharing Retirement Plan of California Consultant
The Department of Labor alleges an environmental consultant abandoned responsibility for its profit-sharing retirement plan in the late 1990s.
Study Shows State-Built Retirement Programs Complement Private Plans
New state-facilitated initiatives may boost private sector plans, not crowd them out, a Pew analysis of federal data shows.
DOL Responds to ESG Lawsuit on Same Day Its Venue Change Motion is Denied
"Texas resides everywhere in Texas," a federal judge wrote in confirming he would hear the case filed by 25 states.
Benefits |
EBSA’s Gomez Highlights Retirement Pioneer During Women’s History Month
Lisa Gomez, the head of EBSA, honored Cindy Hounsell’s achievements in increasing women’s financial education and retirement security.
DOL Reopens Comment Period for QPAM Exemption Change
A third comment period will remain open until April 6.
Biden Uses First Veto to Uphold DOL ESG Rule
Veto permits retirement plans to continue using environmental, social and governance criteria when selecting retirement plan investments.
State Anti-ESG Coalition Clarifies Policy Goals
The alliance highlighted the prohibition of ESG factors in government investing decisions and the use of ‘social credit scores.’
DOL Urged to Pursue Equal Opportunity Cases in Biden Budget Proposal
The White House’s proposed fiscal 2024 budget would also increase budgets for the Social Security Administration and the IRS.
Upcoming EBSA Webinars Will Detail Fiduciary Duties
Three EBSA webinars this month will explain the basics of ERISA fiduciary duties for retirement and health plans.
DOL Appoints 5 New Members to the ERISA Advisory Council
The new members represent accounting, insurance and the interests of employers, employees and the general public.