Compliance | May 8th, 2023 DOL Sues Shuttered Arizona Computer Company Profit-Sharing Plan The Department of Labor alleges a closed computer equipment supplier and services company abandoned responsibility for its profit-sharing plan in...
Compliance | February 28th, 2023 Julie Su Nominated to Replace Walsh at DOL Biden tapped the deputy secretary of labor to take over as head of the DOL, with a Senate confirmation hearing...
Compliance | February 22nd, 2023 Church-Exemption Ruling Could Have Wide Implications A federal district court judge has widened the exemption to include an N.J. hospital in a lawsuit remanded back to...
Compliance | February 14th, 2023 Federal Judge Strikes Down DOL Rollover Advice Guidance A U.S. District Court ruled against Department of Labor interpretation that made rollover recommendations count as fiduciary advice.
Compliance | February 13th, 2023 DOL Seeks More Comments on Correction Program The Department of Labor extended to mid-April the deadline for public comments on amendments to the Voluntary Fiduciary Correction Program...
Compliance | January 10th, 2023 DOL to Inquire If Regulatory Guidance Could Boost PEPs EBSA's agenda includes speaking with plan sponsors, service providers and plan participants; asking what regulators can do to help increase...
Compliance | December 27th, 2022 District Court Narrows $750,000 Retirement Theft Lawsuit Claims A federal judge granted the motion to dismiss one of three defendants in a retirement theft lawsuit.
Data and Research | December 13th, 2022 EBSA Collects $1.4 Billion, Largely from Enforcement, in 2022 More than $500 million of the recoveries returned to defined benefit plan participants.
Compliance | October 5th, 2022 Metro Bank Founder, Wife Reach Settlement with DOL over Profit-Sharing Plan Losses Vernon and Shirley Hill will pay more than $2 million after claims the couple invested as much as 70% of...
Compliance | September 29th, 2022 Senate Confirms Lisa Gomez as EBSA Head The full Senate voted, 49-36, to confirm the new assistant secretary of labor for the Employee Benefits Security Administration.
Compliance | September 27th, 2022 What Would a Government Shutdown Mean for the DOL? The Department of Labor would be able to sustain services deemed essential, as well as those that receive forms of...
Compliance | September 13th, 2022 DOL Recovers Millions for Wells Fargo Plan Participants A settlement has been reached after an Employee Benefits Security Administration investigation.
Compliance | September 12th, 2022 ERISA’s 48th Anniversary Passes Without a Senate Vote on EBSA Head Despite push from HELP Committee Chairwoman Patty Murray, Lisa Gomez’s nomination as assistant secretary of labor remains in limbo.
Deals and People | May 20th, 2022 EBSA Nominee Headed for Confirmation Vote A Senate vote is scheduled for next week on the appointment of Lisa Gomez as head of the Employee Benefits...
Compliance | February 11th, 2022 DOL Seeks Public Comments on Protecting Savings From Climate Change The agency is looking to identify actions it can take under ERISA and other relevant laws to safeguard employees’ savings...
Compliance | February 4th, 2022 DOL Announces Enforcement Actions for Abandoned Plan and Missed Contributions The Department of Labor announced judgments against a pair of plan sponsors to restore employees’ retirement plan contributions after ERISA...
Deals and People | January 25th, 2022 EBSA Nominee Gomez’s Policy Priorities Unclear President Joe Biden’s nominee for assistant secretary of labor for the Employee Benefits Security Administration, Lisa Gomez, has deep experience...
Compliance | November 30th, 2021 Report Offers Insight on How DOL Gets Leads for Benefit Plan Enforcements The Employee Benefits Security Administration recovered $2.4 billion for plans, participants and beneficiaries in FY 2021.
Compliance | April 14th, 2021 DOL Issues Guidance for Investors, Plans on Investment Advice Exemption It sets forth questions an investor can ask potential advice providers and information to help them understand the purpose of...
Compliance | March 10th, 2021 DOL Holding Off on Enforcing ESG, Proxy Voting Rules Until the publication of further guidance, the department says it will not enforce either final rule or pursue enforcement actions...