The Department of Labor (DOL) and the IRS will discuss the benefits of offering expanded options provided by new health reimbursement arrangements (HRAs) and more.
The court found as a fiduciary to the ESOP, Evolve Bank failed to notice, question or investigate several red flags that appeared in the appraisal of the stock that was used to set the share price for a 2010 purchase.
The Department of Labor (DOL) found more than 100 multiple employer plans (MEPs) in violation of a requirement to include on the Form 5500 a list of participating employers and a good faith estimate of the percentage of total contributions made by such participating employers during the plan year.
The rule will permit employers to connect with associations of employers in a city, county, state, or a multi-state metropolitan area, or in a particular industry nationwide, as well as a professional employer association (PEO), to provide retirement plans for their employees.
The son of late Assistant Supreme Court Justice Antonin Scalia failed to get confirmation from the Senate for the position of Department of Labor Solicitor when President George W. Bush was in office.
The editor-in-chief of the Washington Free Beacon says Democrats may end up regretting their calls for Acosta's resignation since his replacement could be more proactive in pushing the Trump labor agenda.
According to Democratic leaders in Congress, the Department of Labor appears to be doing little, if anything, to inform consumers about conflicts of interest in the advisory and brokerage industries.
Eight organizations associated with defined contribution (DC) plans submitted a letter to the Employee Benefits Security Administration of the Department of Labor (DOL) asking it to propose regulations that would permit plan sponsors to make electronic delivery the default method of delivery for retirement plan disclosures and notices.
The item on the Department of Labor’s (DOL)’s regulatory agenda has moved from a final rule expected in September to a notice of proposed rulemaking in December.
The FAQs explain the Department of Labor’s (DOL)’s enforcement policy and ongoing administration of association health plans (AHPs) following a federal court ruling striking down the DOL’s most recent AHP guidance.
After a federal district court overturned final regulations on association health plans (AHPs) from the Department of Labor (DOL), the agency says “employers participating in insured AHPs can generally maintain that coverage through the end of the plan year or, if later, the contract term.”
However, when pressed by a Democratic lawmaker from Ohio, DOL Secretary Alexander Acosta was not able to provide specific details about his agency’s collaboration with the SEC on advisory industry conflict of interest reforms.
They are designed to increase plan sponsors’ and advisers’ awareness and understanding about basic fiduciary responsibilities when operating a retirement plan.
The relief on ERISA compliance applies to plan sponsors in Nebraska, Iowa and Alabama identified now or in the future for individual assistance by the Federal Emergency Management Agency (FEMA).
A district court has determined that the Department of Labor’s 2018 final regulations on association health plans are unlawful.