Tag: Department of Labor

Plan sponsors can make additional corrections via SCP, rather than VCP, while a “reasonable amount of time” to discover an...

The trade group that sued the DOL says the regulator will not insist that rollover advice should be subject to...

A New Jersey-based graphite manufacturer is alleged to have failed to operate the employee stock ownership plan in the best...

The university medical center’s retirement plan failed to disclose revenue sharing or float income and caused workers to pay excessive...

The Department of Labor alleges a closed computer equipment supplier and services company abandoned responsibility for its profit-sharing plan in...

The Department of Labor alleges an environmental consultant abandoned responsibility for its profit-sharing retirement plan in the late 1990s.  

New state-facilitated initiatives may boost private sector plans, not crowd them out, a Pew analysis of federal data shows.

A resolution to nullify the rule to allow for ESG factors in retirement plan investments will now go to Biden’s...

The resolution next moves to the Democratic-majority Senate.

Biden tapped the deputy secretary of labor to take over as head of the DOL, with a Senate confirmation hearing...

The insured Retirement Institute wants regulatory and legislative changes in order to drive greater in-plan use of guaranteed lifetime income...

The lawsuit filed by Martone Construction claims its retirement plan providers ignored requested investment trades and claimed that trading was...

A federal district court judge has widened the exemption to include an N.J. hospital in a lawsuit remanded back to...

The Republican senator also argued that the DOL should not be dictating what investments may be offered through the self-directed...

The DOL confirmed reports that Walsh will depart in mid-March; deputy secretary Julie Su will serve as acting secretary.

A new Department of Labor lawsuit targeted a telemarketing company that closed without processing workers’ retirement claims.

The U.S. District Court in New Hampshire has scheduled a pretrial conference for next month. 

A U.S. District Court ruled against Department of Labor interpretation that made rollover recommendations count as fiduciary advice.

The Department of Labor extended to mid-April the deadline for public comments on amendments to the Voluntary Fiduciary Correction Program...

The Department of Labor alleges that a Houston sports agency used retirement assets to operate the company.