25 States Bring Suit Against ESG Regulation
The DOL’s new rule on ESG, which takes effect today, is being challenged by a range of actors in a...
Tag: Department of Labor (DOL)
New DOL Rule on ESG Investing in Retirement Plans Draws Republican-Led Legal Challenge
The rule is scheduled to take effect on Monday, but 25 state attorneys general and three fossil fuel advocates are...
Rules for Sponsor Self-Correction Broadened by Both SECURE 2.0 and DOL Proposal
The DOL made a proposal to expand the VFCP in November 2022, and SECURE 2.0 also made changes to IRS...
DOL to Inquire If Regulatory Guidance Could Boost PEPs
EBSA's agenda includes speaking with plan sponsors, service providers and plan participants; asking what regulators can do to help increase...
Professional Athlete Sports Agency Is Accused of Retirement Asset Theft
The Department of Labor alleges that a Houston sports agency used retirement assets to operate the company.
Plan Sponsors Have Myriad Responsibilities to Protect Against Cyberthreats
Plan sponsors should begin with the Department of Labor’s guidance on cybersecurity, proceed to fill an arsenal of safeguards to...
EBSA Collects $1.4 Billion, Largely from Enforcement, in 2022
More than $500 million of the recoveries returned to defined benefit plan participants.
2023 ERISA Plan Compliance Calendar
A schedule to help plan sponsors track important due dates for their plan
Department of Labor Announces Form 5500 Changes
The changes to 5500 instructions are made annually.
Benefits |
Central States Teamsters Pension Fund Becomes the Largest SFA Rescue
The multiemployer plan will receive $35.8 billion in assistance, making it the largest bailout under the Special Financial Assistance program...
Why Cybersecurity for Retirement Plans Is More Important Than Ever
Plan sponsors need to ensure retirement plan participants are safe from escalating attacks by hackers that go after their savings,...
Republicans Move to Prevent SEC Climate Disclosure Requirements
Though the SEC has not approved its proposal to require climate-risk and carbon emissions disclosures, Republicans are moving to prevent...
New Jersey Teamsters Local 966 Receives $54.1 Million in PBGC Assistance
Teamsters affiliates have received more than $1 billion dollars in PBGC assistance in the last two weeks.
Top Commodity Regulator Raises Cryptocurrency Regulation on Capitol Hill
Cryptocurrency regulation is needed for the broad health of both financial markets and 401(k) investors, the CFTC chief warned senators.
The Mid-Term Results and What They Mean for ESG and SECURE 2.0
ESG strategists may experience greater uncertainty when Republicans take over the House, but supporters of SECURE 2.0 can still expect...
New DOL Proposal Would Allow Fiduciaries to Self-Correct Certain Errors
If certain conditions are met, the proposal would allow fiduciaries to correct mistakes themselves without incurring a civil penalty.
PBGC Grants $85 Million to Struggling Ohio Teamsters Pension
The Ohio-based Teamsters Union Pension Plan was approaching insolvency, and its application for Special Financial Assistance was approved Tuesday.
ESG Is Now Permissible, But Not Required, Under ERISA
The DOL rule is designed to reduce legal uncertainty and obstacles to ESG investment.
Judge Sides with Nestlé In Request to Dismiss 401(k) Class Action Suit
Judge recommends dismissal of a class action lawsuit brought by a participant against Nestlé with accusations of unnecesarily high fees...
DOL Finalizes ESG Consideration in Retirement Investing
With final DOL ruling, plan sponsors can consider climate change and other ESG factors when selecting investments.