Salesforce Agrees to Settle ERISA Lawsuits
San Francisco-based software company seeks a settlement in lawsuits that alleged the 401(k) plan charged participants excessive fees.
Tag: Department of Labor (DOL)
How Self-Auditing the Retirement Plan Prevents Compliance Issues Down the Line
The Department of Labor found many violations in retirement plan audits last year, likely because plan sponsors were not regularly...
Morningstar, NAPFA Affirm Support for Final DOL Fiduciary Rule
Morningstar policy brief analyzes the impact of the Department of Labor Retirement Security Rule.
DOL Sues Third Profit-Sharing Plan in 2024
The Department of Labor is continuing its enforcement push against profit-sharing plans.
California Marketer Claims Plan Change Caused Recordkeeper to Retaliate
A California plan sponsor has sued the provider it removed, 401(k) Easy, claiming the company perpetrated a scheme to defraud...
How Does the DOL’s Independent Contractor Rule Affect Plan Eligibility?
401(k) and 403(b) plans should review plan documents and independent contractor processes.
Amended Lawsuit Targets Hess Corp.
The amended complaint against the Hess Corp. alleges Hess plan fiduciaries provided target-date mutual funds instead of collective investment trusts...
DOL Asks for Budget Increase to Implement SECURE 2.0
The anticipated final retirement security proposal did not feature anywhere in the budget proposal.
DOL Requests Approval of Settlement in Pennsylvania Mushroom Farm Case
The action would appoint an independent administrator and distribute assets to the profit-sharing plan’s participants.
After DOJ Criminal Sentence, DOL Sues Profit-Sharing Plan of Pennsylvania Mushroom Farmer
Department of Labor brings a lawsuit against the profit-sharing plan of a criminally indicted Pennsylvania mushroom farm retirement plan.
ACLI Concerned IB 95-1 Changes Will Cause ‘Chilling Effect’ on PRT Market
The American Council of Life Insurers expressed support for DOL regulation, instead of an interpretive bulletin, to address concerns about...
Benefits |
DOL Attains Court Order Directing Defunct Firm Restore Missing 401(k) Money
A federal court in Maryland ordered a defunct engineering company and its owner to pay $388,458 to restore missing contributions...
DOL Alleges Profit-Sharing Plan Fiduciaries Took Retirement Plan Assets
The Department of Labor alleges the plan fiduciaries at a tree service company used retirement assets from a profit-sharing plan...
Minnesota Sponsor Sues Adviser for True-Up Plan Amendment
The cost of a plan amendment to allow safe harbor and true-up contributions prompted Great Lakes Management Co. to allege...
DOL Finalizes QPAM Rule
Qualified professional asset managers can now be disqualified for foreign convictions and domestic non-prosecution agreements.
DOL Files Papers to Enforce Petition against TPA
The Department of Labor seeks to enforce a summons against a Philadelphia-based third-party administrator to execute an Employee Benefits Security...
DOL Answers Appeal in ESG Rule Litigation
The ESG rule was upheld in a Texas district court, but was appealed to the 5th Circuit in October 2023.
Benefits |
Molina Healthcare Close to Win in ERISA Lawsuit
A California federal judge’s ruling in an ERISA lawsuit against Molina Healthcare provides a window into this court’s thinking on...
Advocates for DOL Fiduciary Proposal Say Existing Insurance Regulations Fall Short
The proposal would add a private right of action and tighter conflict of interest rules.
How Can a Late 403(b) Plan Remittance Be Corrected?
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.