IRS and DOL Asked for Better Guidance on Missing Participants
The Plan Sponsor Council of America has heard concerns from its members that they have been or may be subjected...
Tag: Department of Labor (DOL)
Cerulli Analysts Tackle Tough Topic of ESG ‘Materiality’
While not a new concept, materiality is essential to efficiently integrating ESG factors into the investment process; it all boils down to...
Opinions |
Social Investing and ERISA Plans: The Context Is Significant
Thomas White, partner at Rimon Law, discusses how plan sponsors should consider ESG investments following the DOL’s latest guidance.
5th Circuit Officially Mandates Decision to Vacate DOL Fiduciary Rule
Industry stakeholders immediately offered their thoughts on the complex regulatory saga that has surrounded the now-defeated DOL fiduciary rule; depending...
DOL Finalizes Regulations to Extend Small Business Access to Health Plans
However, the Trump administration has already been threatened with a lawsuit over the regulation.
PSNC 2018: Developments in Participant Advice
From the recent fiduciary rule hold to modern, advanced technology, panelists examine how participant advice has widely grown in the...
DOL Assists Custodians With Cleaning Out Abandoned Plans
When a plan is abandoned, custodians are left holding the assets of the plan, but lack the authority to terminate...
Signs of Annuity Market Stabilization After DOL Fiduciary Rule Derailment
Data from Morningstar demonstrates variable annuity net assets fell 1.6% to $1.95 trillion during the first quarter of 2018, versus...
Court Orders Independent Plan Fiduciary for Cambridge Technology Group
The DOL found the company's president and CEO did not process any distribution requests submitted by 401(k) plan participants, among...
DOL’s ESG Investing Bulletin Raises Important Questions for Plan Fiduciaries
Given some of the strong language used to warn retirement plan fiduciaries against placing other interests ahead of the financial...
DOL Fiduciary Responsibilities Seminar Coming to Chicago in July
The compliance assistance program will increase awareness and understanding about basic fiduciary responsibilities when operating a retirement plan.
(b)lines Ask the Experts – Dealing With Missing Participants
“I have been reading a lot about missing retirement plan participants lately. If our plan has any, should I be...
Court Orders Former Lighting Company Owner to Pay Back Profit Sharing Plan
An investigation conducted by the DOL found the past trustee had issued checks from the plan’s checking account to the...
401(k) Plan Trustees Ordered to Pay Back Misused Funds
A DOL investigation found the trustees used plan assets for businesses and properties owned by themselves and family members.
ESOP Fiduciaries to Pay More Than $2 Million to Settle DOL Lawsuit
The Department of Labor sued Sonnax Industries, company officers and ESOP fiduciaries Tommy Harmon and Frederick Fritz, and Illinois-based First...
DOL Issues Temporary Enforcement Policy Following 5th Circuit Decision on Fiduciary Rule
The agency noted that some financial institutions have devoted significant resources to comply with the BIC Exemption and the Principal...
Report Lays Out Causes and Consequences of ERISA Lawsuits
The rise in lawsuits is prompting more sponsors to turn to lower-cost index funds—and could prevent them from offering lifetime...
Judge Rules on DOL ESOP Challenge with Mixed Results
The mixed decision comes after DOL moved for summary judgement; the defendants responded by moving to exclude key testimony from...
DOL Announces Fiduciary Seminar in New York City
The compliance assistance program will increase awareness and understanding about basic fiduciary responsibilities when operating a retirement plan.
New Conflict-of-Interest Proposal Expected from SEC
As the Department of Labor (DOL) fiduciary rule process appears destined for defeat, experts speculate about the possibility that the...