DOL Sides With Morgan Stanley: Deferred Pay Is a Bonus
The agency concluded that the firm’s deferred compensation program is not subject to ERISA.
Tag: Department of Labor (DOL)
Industry Groups Push DOL for Sub-Regulatory Guidance on 401(k) Private Market Investments
An executive order last month gave the agency six months to provide its regulatory agenda.
DOL Lays Out Regulatory Priorities
The Department of Labor’s agenda includes new proposals and suggests that both the ESG and fiduciary rules will be replaced.
Appropriations Committee FY26 Bill Proposes Slimmer DOL, EBSA Budgets
The proposed cuts reflect President Donald Trump’s previous budget recommendations and executive order urging federal agencies to work with less.
The DOL Transitions to Paperless Checks
The change will be effective September 30, according to a notice published in the Federal Register.
Republican Senators Ask DOL for Private Assets Safe Harbor
The letter comes weeks after an executive order that encouraged the agency to provide regulatory guidance on offering 401(k) plan...
What Plan Sponsors Should Look for From DOL on Private Assets in 401(k) Plans
New guidance is unlikely to lead to a swift increase in adoption, but a safe harbor looks like the only...
DOL Seeks Third Pause in Fiduciary Rule Case
The department asked for an extension lasting through October to consider its options in a federal case challenging the Biden-era...
Judge Allows 401(k) Forfeitures Case Against Bank of America to Proceed
As case law continues to see mixed results, U.S. District Judge Max Cogburn Jr. ruled the plaintiffs’ claims may continue,...
DOL Rescinds Biden-Era Guidance on Alternative Investments in 401(k) Plans
The decision comes as the department plans to follow President Donald Trump’s executive order to ‘clarify’ its stance on use...
DOL Withdraws Annuity Safe Harbor Final Rule After Blowback
The proposal would have repealed the protections offered in the Pension Protection Act of 2006.
IRI Pushes Back on DOL’s Annuity Safe Harbor Deregulatory Stance
The organization requested the department reconsider its decision to rescind prior guidance, which it stated could slow the adoption of...
DOL Seeks Comment on PEPs for Small Employers
The Department of Labor requested industry advice on how to improve pooled employer plans and make them more effective for...
Latest Plan Forfeiture Complaint Adds New Angle
Filing after the Department of Labor’s amicus brief, Illinois plaintiffs allege that a grocery company violated its fiduciary duty by...
DOL Finds Citi’s Racial Equity Program Unlawful, Rescinds Previous Opinion
The Department of Labor announced its 2023 advisory opinion no longer reflects its views.
DOL’s Plan Forfeiture Amicus Brief ‘Significant,’ Legal Experts Say
The filing was a win for plan sponsors, though it is not expected to end the recent flurry of litigation...
District Court Partially Strikes Down DOL’s Fiduciary Rule
A legal expert calls the 2023 magistrate judge’s opinion that was upheld in this week’s ruling ‘devoid of logic’ and...
DOL Backs Companies on 401(k) Plan Forfeiture Complaints
In filing an amicus brief on an appeal involving HP Inc., the Department of Labor offered guidance on an issue...
Pontera Adds Former EBSA Head Lisa Gomez as Strategic Adviser
The former assistant secretary of the Employee Benefits Security Administration will work alongside recordkeepers, retirement plan advisers, plan sponsors and...
Does the DOL’s New Self-Correction Option Require a Participant Notice?
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.