Senate Follows House in Rejecting DOL ESG Rule
A resolution to nullify the rule to allow for ESG factors in retirement plan investments will now go to Biden’s...
Tag: Department of Labor (DOL)
House Votes to Overturn Rule Allowing ESG Investing in Retirement Plans
The resolution next moves to the Democratic-majority Senate.
Julie Su Nominated to Replace Walsh at DOL
Biden tapped the deputy secretary of labor to take over as head of the DOL, with a Senate confirmation hearing...
Assistant Secretary Gomez Explains Upcoming EBSA Priorities
Effective disclosure, SECURE 2.0 and ESG are at the top of EBSA’s short-term agenda, according to EBSA Head Lisa Gomez.
IRI Priorities for 2023 Include Focus On Lifetime Income
The insured Retirement Institute wants regulatory and legislative changes in order to drive greater in-plan use of guaranteed lifetime income...
Representative DelBene Proposes Legislating DOL’s ESG Rule
The bill, if passed, would amend ERISA and remove the legal basis for challenging the use of ESG factors in...
Form 5500 Changes for 2023
The Department of Labor has published the Form 5500 changes for this year.
New Lawsuit Calls ESG Unlawful “Investing Fad”
A second court must now determine if ESG can be lawfully considered in retirement fiduciary decisionmaking.
Overturned DOL Rollover Rule Likely to Be Appealed, Attorney Says
The DOL is expected to appeal a district court’s decision, which could result in the rule being re-instated.
Construction Company Lawsuit Targets Its Retirement Plan Providers
The lawsuit filed by Martone Construction claims its retirement plan providers ignored requested investment trades and claimed that trading was...
Church-Exemption Ruling Could Have Wide Implications
A federal district court judge has widened the exemption to include an N.J. hospital in a lawsuit remanded back to...
Tuberville Returns With Call for Crypto Access in 401(k) Plans
The Republican senator also argued that the DOL should not be dictating what investments may be offered through the self-directed...
Labor Secretary Walsh Departing to Lead NHL Player Union
The DOL confirmed reports that Walsh will depart in mid-March; deputy secretary Julie Su will serve as acting secretary.
DOL Sues Defunct Firm for Retirement Asset Distributions
A new Department of Labor lawsuit targeted a telemarketing company that closed without processing workers’ retirement claims.
Lawsuit Against New England Health Care Provider Will Proceed
The U.S. District Court in New Hampshire has scheduled a pretrial conference for next month.
Federal Judge Strikes Down DOL Rollover Advice Guidance
A U.S. District Court ruled against Department of Labor interpretation that made rollover recommendations count as fiduciary advice.
DOL Seeks More Comments on Correction Program
The Department of Labor extended to mid-April the deadline for public comments on amendments to the Voluntary Fiduciary Correction Program...
NHL Players’ Union Will Reportedly Hire DOL Secretary Marty Walsh
Walsh is expected to leave the DOL to lead the NHLPA.
Partisan Divide Continues to Sharpen on ESG Investing
EBSA head Lisa Gomez spoke in defense of a DOL rule that would permit ESG in retirement plans as Republicans...
1 New York, 2 Michigan Pension Plans Receive PBGC Assistance
The three supplemental SFA packages provide a total of more than $200 million.