Senate Committee Advances EBSA Secretary Nominee
Lisa Gomez, the candidate to serve as the DOL’s assistant secretary for the Employee Benefits Security Administration, will now face...
Tag: Department of Labor (DOL)
DOL Recovers Money for ESOP Participants
The Department of Labor ordered the former trustee to restore $8.4 million and plan fiduciaries to restore nearly $1 million...
Practical Implications of DOL’s Latest Private Equity Statement
The Department of Labor’s supplemental statement is a tonal shift rather than a substantive change that reflects the continuing courtship...
ESOP Sponsor Settles Allegations of ERISA Violations With the DOL
Mohawk Hospital Equipment will transfer $431,000 worth of stock to participants and pay a fine.
DOL Clarifies Stance on Private Equity Investments in DC Plans
The supplemental statement refines its June 2020 information letter on including private equity investments in participant-directed retirement savings plans.
Plan Fiduciary Sentenced for 401(k) Plan Embezzlement
He pleaded guilty after the DOL found he fraudulently collected between $15,000 and $40,000 from plan participants’ accounts.
2022 ERISA Plan Compliance Calendar
A schedule to help plan sponsors track important due dates for their plan
Groups Express Support for DOL’s Proposed ESG Rule
They made suggestions that addressed others’ concerns that plan fiduciaries would consider the language of the rule as a mandate...
DOL Urged to Withdraw Proposal on ESG Investments in Retirement Plans
A group of senators and the ASA issued letters saying the newly proposed rule weakens protections for retirement plan investors...
Alight Ordered to Comply With DOL Subpoena Related to Cybersecurity Incidents
A Department of Labor investigation was prompted, in part, by its discovery that Alight had processed unauthorized distributions from retirement...
Report Offers Insight on How DOL Gets Leads for Benefit Plan Enforcements
The Employee Benefits Security Administration recovered $2.4 billion for plans, participants and beneficiaries in FY 2021.
Satisfying Electronic Disclosure Requirements for SPDs to New Hires
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
2021 Best Practices Conference: Understanding ERISA and Fiduciary Fundamentals
Attendees at the virtual conference learned about what it takes to operate a plan that complies with all regulatory responsibilities...
Service Provider Collaboration and the DOL’s Cybersecurity Guidance
Retirement plan sponsors may have difficulty achieving full compliance with the DOL’s cybersecurity guidance because many of the required actions...
DOL Alleges ESOP Sale Illegally Benefited Plan Fiduciaries and Their Children
The Department of Labor says the plan’s ownership interest was sold for less than market value, effectively transferring the rest...
A Pro-ESG Framework That Could Finally Stick
Now that industry experts have had some time to digest the DOL’s new proposal regarding the use of ESG investment...
New Financial Audit Rule Increases Requirements for Plan Sponsors
Plan sponsors will be required to provide much more data, as well as certifications about plan administration and governance, and...
DOL Proposes New Rule on ESG Investing in Retirement Plans
The agency says the proposal seeks to emphasize that climate change and other ESG factors can be financially material and...
Benefits |
Government Announces 5.9% Social Security Boost in 2022
Many millions of Americans drawing core Social Security benefits and Supplemental Security Income payments will see their benefits grow substantially...
DOL’s ESOP Valuation Case Against Engineering Firm Falls Flat
The court notes that the ESOP trustees, while accepting a price very close to what the sellers were seeking, saved...