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...
Compliance | January 28th, 2019 DOL Invites Correction for Failure to Timely Remit Contributions An update from law firm Masuda, Funai, Eifert & Mitchell, Ltd. says that based on reviews of Form 5500s, the...
Compliance | January 25th, 2019 Failure to Remit Contributions Cost Retirement Plan Fiduciaries Over $500,000 In addition, a federal district court has ordered the trustee of the plans not to serve in a fiduciary capacity...
Administration | December 20th, 2018 Mercer Sets Goals for DC Plans for the Coming Year They are centered around three key themes: 1) Secure your foundation, 2) Achieve greater prosperity and 3) Inspire confidence.
Compliance | August 21st, 2018 Litigators Not the Only Ones Looking Into Retirement Plan Investments and Fees The EBSA’s Plan Investment Conflicts (PIC) project have reviewed conflicts of interest of fiduciary service providers and investment managers of...
Compliance | August 13th, 2018 DOL Appoints Independent Fiduciary to Abandoned Plan Fiduciaries of the Sacred Heart Hospital Profit-Sharing 401(k) Plan failed to administer the plan after the hospital operations ceased in...
Compliance | August 7th, 2018 Business Owner to Serve Prison Time for 401(k) Plan Embezzlement A multi-agency investigation found that from approximately May 2011 through August 2012, the business owner unlawfully embezzled and converted approximately...
Compliance | April 19th, 2018 DOL Announces Fiduciary Seminar in New York City The compliance assistance program will increase awareness and understanding about basic fiduciary responsibilities when operating a retirement plan.
Compliance | April 5th, 2018 DOL Announces Fiduciary Seminar in Rhode Island The compliance assistance program will increase awareness and understanding about basic fiduciary responsibilities when operating a retirement plan.
Compliance | March 8th, 2018 Pension Trustee Found Guilty of Theft The trustee is ordered to pay $234,271 in restitution, serve a year of probation and be barred from serving as...