Tag: Department of Labor (DOL)

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...

The ESG rule was upheld in a Texas district court, but was appealed to the 5th Circuit in October 2023.

A California federal judge’s ruling in an ERISA lawsuit against Molina Healthcare provides a window into this court’s thinking on...

The proposal would add a private right of action and tighter conflict of interest rules.

Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.

Central States was granted $127 million that it was not entitled to because the PBGC counted over 3,000 deceased participants...

Attorneys for the plaintiffs in a case about cybersecurity liability for participant data asked a Georgia federal judge for final...

The final draft has been written and now will undergo a review expected to take about 60 days.

The same Senate committee will also host a panel to discuss methods of expanding access to defined benefit plans.

Federal judge allows lawsuit against American Airlines’ defined contribution plans to proceed.   

A judge determined the retirement plan recordkeeper and third-party administrator misappropriated millions in clients’ plan assets.  

According to a Morningstar report, large private sector pension funds’ experience allocating to PE is not particularly instructive for defined...