Compliance | August 2nd, 2023 UnitedHealth Group Insurance TPA, UMR Sued by DOL The Department of Labor’s complaint may indicate health care regulations are going the way of rules for retirement plans.
Administration | July 28th, 2023 Senate, House Far Apart on DOL Budget The two appropriation bills are about $4 billion apart in terms of discretionary funding for the department.
Administration | July 28th, 2023 Voya Financial Launches 403(b) PEP Beginning August 1, Voya will bring what it is calling the very first pooled employer plan to employees of large...
Administration | July 25th, 2023 AI Tapped to Mine Form 5500s, Leverage Chatbots for Retirement Newfront, a tech-focused advisory firm, recently brought its AI-driven benefit solutions to Congress and will be using AI capabilities to...
Administration | July 24th, 2023 DOL Advises Plan Sponsors to Extend Enrollment Period for Employees Losing Medicaid The unwinding of a COVID-19 policy that prohibited states from removing people from Medicaid and CHIP could leave hundreds of...
Administration | July 21st, 2023 TECO Energy DB Plan Sued by Pension Beneficiary for Shortfall The complaint alleges the Florida-based energy company and its pension plan failed to disclose material information in the summary plan...
Administration | July 17th, 2023 DOL Seeks Independent Fiduciary for 401(k) Plan of Closed NY Construction Company When L D Wenger Construction Co. Inc. ceased operations, its 401(k) plan was deserted by the fiduciary, barring retirement plan...
Benefits | July 11th, 2023 Complaint Targets Waters Corp. 401(k) Plan, Board, Benefits Panel The suit, filed in Massachusetts federal court, alleges retirement plan fiduciaries caused participants to pay excessive fees to plan recordkeeper...
Benefits | July 10th, 2023 DOL Targets New Jersey 401(k) Plan for Concrete Companies Concrete producer Di Ferraro Inc. failed to remit employee withholdings and loan repayments to the plan over six years, the...
Compliance | July 7th, 2023 DOL Proposes Limiting Short-Term ‘Junk’ Health Plans The proposal would limit to four months use of short-term plans that Trump officials had allowed to be used for...
Benefits | July 7th, 2023 DOL Sues SIMPLE IRA Plan Sponsor for Pocketing Retirement Deferrals A Minnesota HVAC company is alleged by the Department of Labor to have misappropriated the retirement contributions of its’ employees,...
Benefits | July 6th, 2023 DOL Sues West Virginia Company for Fiduciary Breaches MSES Consultants Inc. failed to fund its health plan for much of 2016, leaving participants and beneficiaries on the hook...
Benefits | July 5th, 2023 DOL Provides Cybersecurity Tips For Plan Sponsors, Participants Workers should log-in to their recordkeeper’s website periodically to check online retirement accounts, the Department of Labor's Lisa Gomez advises.
Compliance | June 27th, 2023 PSNC 2023: Cybersecurity Best Practices for Plan Sponsors Experts note the importance of participant education and reviewing insurance held by vendors.
Compliance | June 16th, 2023 DOL Sues Missouri Bankers Benefit Plan The Department of Labor has alleged one fiduciary breach against the plan’s trustees for operating with negative assets in six...
Compliance | June 9th, 2023 DOL to Host Compliance Seminar for Small Businesses in Buffalo The EBSA seminar will focus on increasing awareness and understanding of basic fiduciary responsibilities when operating a small or medium-sized...
Compliance | June 7th, 2023 Financial Services Company CoreLogic Targeted in ERISA Suit The lawsuit seeks to recover retirement plan losses due to alleged mismanagement of CoreLogic’s 401(k) retirement plan.
Compliance | June 2nd, 2023 Churchill Holdings ESOP Participants Sue The lawsuit plaintiffs are ESOP participants holding vested shares of Churchill stock in their accounts who were employed at Churchill...
Compliance | June 1st, 2023 IRS Issues Interim EPCRS Correction Guidance Under SECURE 2.0 Plan sponsors can make additional corrections via SCP, rather than VCP, while a “reasonable amount of time” to discover an...
Compliance | May 16th, 2023 DOL Will Not Appeal 401(k) Rollover Rule, ASA Says The trade group that sued the DOL says the regulator will not insist that rollover advice should be subject to...