Tag: Department of Labor (DOL)

The Pension Benefit Guaranty Corporation claims a shuttered California corporation’s CEO transferred plan assets to a business checking account.

In less than a year in the program, News Corp. reports strong uptake from participants enthusiastic about repaying loans while...

EBSA will publish rules to open Abandoned Plan Program eligibility to Chapter 7 bankruptcy trustees.  

Also known as adequate consideration, the ESOP community has been calling for share pricing regulation for years.

San Francisco-based software company seeks a settlement in lawsuits that alleged the 401(k) plan charged participants excessive fees.

The Department of Labor found many violations in retirement plan audits last year, likely because plan sponsors were not regularly...

Morningstar policy brief analyzes the impact of the Department of Labor Retirement Security Rule. 

The Department of Labor is continuing its enforcement push against profit-sharing plans.

A California plan sponsor has sued the provider it removed, 401(k) Easy, claiming the company perpetrated a scheme to defraud...

401(k) and 403(b) plans should review plan documents and independent contractor processes.

The amended complaint against the Hess Corp. alleges Hess plan fiduciaries provided target-date mutual funds instead of collective investment trusts...

The anticipated final retirement security proposal did not feature anywhere in the budget proposal.

The action would appoint an independent administrator and distribute assets to the profit-sharing plan’s participants.

Department of Labor brings a lawsuit against the profit-sharing plan of a criminally indicted Pennsylvania mushroom farm retirement plan.

The American Council of Life Insurers expressed support for DOL regulation, instead of an interpretive bulletin, to address concerns about...

A federal court in Maryland ordered a defunct engineering company and its owner to pay $388,458 to restore missing contributions...

The Department of Labor alleges the plan fiduciaries at a tree service company used retirement assets from a profit-sharing plan...

The cost of a plan amendment to allow safe harbor and true-up contributions prompted Great Lakes Management Co. to allege...

Qualified professional asset managers can now be disqualified for foreign convictions and domestic non-prosecution agreements.

The Department of Labor seeks to enforce a summons against a Philadelphia-based third-party administrator to execute an Employee Benefits Security...