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...
Tag: Department of Labor (DOL)
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...
Metro Bank Founder, Wife Sued by DOL Over Profit-Sharing Plan Losses
The lawsuit suggests Vernon and Shirley Hill invested as much as 70% of a profit-sharing plan’s assets in the stock...
EBSA Issues New Audit Independence Guidance
A new bulletin addresses the ‘independence’ requirement for accountants who audit employee benefit plans under the Employee Retirement Income Security...
DOL to Host Compliance Assistance Seminar in Dallas
The free event will increase awareness about the fiduciary responsibilities of operating a retirement plan.
Complexity of QPAM Proposal Could Be a Concern
Attorney calls the objectives of EBSA's proposed amendment 'sensible,' but said implications could be 'unexpected and worrying.'
Senators Press Fidelity on Bitcoin Exposure
In a letter, the Senators question why Fidelity would allow retirement plan participants to be exposed to the ‘untested, highly...
Qualified Professional Asset Manager Exemption Changes Proposed
The Department of Labor’s proposal will affect a prohibited transaction exemption that permits certain parties related to retirement plans to...
Are Retirement Plan Sponsors Still Required to File Form 8955-SSA?
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Final Stressed Union Pension Assistance Rule Issued by PBGC
After months of operating on an interim basis, the Special Financial Assistance program for multiemployer pensions has been formally finalized...
Department of Labor Open to Crypto Rule for Retirement Plans
Secretary of Labor Marty Walsh also testified in Congress that President Joe Biden’s budget must be implemented to protect workers’...
PSNC 2022: Plan Sponsor Cybersecurity Responsibilities
Experts discussed what procedures plan sponsors can put in place and how to encourage participants to do their part in...
PSNC 2022: ESG Definitions and New Developments
What is environmental, social and governance investing? And exactly how new—or not—is it?
Retirement Plan Provider Sues DOL in 401(k) Cryptocurrency Row
A retirement plan provider that championed cryptocurrency for 401(k) plans has brought a lawsuit against the Department of Labor for...
Department of Labor Announces Final Form 5500 Changes
The changes to Form 5500 for defined contribution and defined benefit plans are modest.