Struggling Teamsters Pension Receives Close to a Billion Dollars in Assistance
The financing will allow the union pension to both satisfy monthly payments to beneficiaries and provide make-up payments.
Tag: Department of Labor (DOL)
PBGC Advisory Board Adds Four Presidential Nominees
Four new appointees make a total of seven, charged with advising the PBGC on investments and other decisions.
Public Hearing Exposes Discord on QPAM Rule Implementation
A DOL public hearing held Thursday on the new QPAM Rule proposal highlighted concerns about foreign convictions and non-prosecution agreements...
Juniper Agrees to Settle ERISA Suit for $3 million
The network hardware firm agreed to an ERISA settlement totaling $3 million to dismiss claims of fiduciary breach.
DOL Hits Back at ForUsAll, Won’t Confirm Crypto Retirement Guidance Is “Not Binding”
The DOL said retirement provider ForUsAll misrepresented its cyptocurrency guidance from March and that the court overseeing the suit has...
SPARK Institute Updates Cybersecurity Guidelines
Guidelines seek to help service providers and plan sponsors follow cybersecurity best practices.
DOL Clears Question over Plan Sponsor PEP Member Responsibility for Fidelity Bonds
The department Labor replied with information for the SECURE Act amendments to ERISA that relate to the bonding requirements under...
Products |
Comparative 401(k) Tool Is Released To Public
The analytics tool is now available to plan providers, plan sponsors and plan participants.
Crypto Advocate ForUsAll Would Drop DOL Suit if Guidance Not Enforced
CEO David Ramirez says the firm will drop its lawsuit against the DOL so long as the agency confirms its...
Callan: DC Plan ESG Use Drops in ’22 On Backlash, Rule Confusion
A potential backlash on ESG investing along with confusion over DOL guidance led to a 14% drop in ESG implementation...
Ohio Bricklayers Pension Fund Gets PBGC Bailout
The union plan had been severely underfunded for over a year but can now meet its liabilities to nearly 400...
A Look at Proposed Regulatory Changes to Crypto and Retirement Plans
The environment for crypto could change as it becomes more accepted in retirement products.
Benefits |
Aon PEP Passes Assets Milestone
Aon has accumulated $1billion in plan assets and commitments since it launched the pooled employer plan.
New Bill Would Void Mandatory Arbitration in ERISA-Governed Plans
The Mental Health Matters Act moves to the Senate after House passage, and would eliminate forced arbitration clauses, class action...
How Plan Sponsors Can Combat Cybercrime
A panel hosted by the National Institute on Retirement Security explained that all pension plans are at increased risk, especially...
Metro Bank Founder, Wife Reach Settlement with DOL over Profit-Sharing Plan Losses
Vernon and Shirley Hill will pay more than $2 million after claims the couple invested as much as 70% of...
What Would a Government Shutdown Mean for the DOL?
The Department of Labor would be able to sustain services deemed essential, as well as those that receive forms of...
DOL Recovers Millions for Wells Fargo Plan Participants
A settlement has been reached after an Employee Benefits Security Administration investigation.
ERISA’s 48th Anniversary Passes Without a Senate Vote on EBSA Head
Despite push from HELP Committee Chairwoman Patty Murray, Lisa Gomez’s nomination as assistant secretary of labor remains in limbo.
Hearing Scheduled, Comment Period Extended on QPAM Exemption Proposal
The comment period of the DOL’s proposed amendment was scheduled to expire in late September, but the regulator says it...