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...
Tag: Employee Benefits Security Administration
Marty Walsh Will Be Nominated as Secretary of Labor
Apart from potentially reversing course on fiduciary rule-related regulations, there are many other areas where sources suggest the next DOL...
DOL ERISA Enforcement Results Increase From Previous Year
The agency’s enforcement report describes some ways enforcement actions are initiated.
Federal Court Orders Millions of Dollars Restored to Connecticut Health and Retirement Plans
The decision follows an investigation by the DOL.
DOL Enforcement Efforts Are Wide-Ranging
While the DOL’s Employee Benefit Security Administration is diligent in protecting employees’ benefits, plan sponsors can also turn to it...
Investment Adviser Sentenced for Defrauding Pension Plan
The Department of Labor found the investment adviser made 63 fraudulent requests to Transamerica for lump sum benefit checks for...
Retirement Plan Sponsors and Providers Given Relief by DOL Due to Hurricanes
The DOL relief relates to plan loans and distributions, remittance of contributions and blackout period notices.
401(k) Plan Trustees Ordered to Pay Back Misused Funds
A DOL investigation found the trustees used plan assets for businesses and properties owned by themselves and family members.
Employee Convicted of Embezzling $120K from 401(k) Plan
A former office manager of New England Anesthesiologists, Inc. has been sentenced to 37 months in federal prison and to...
DOL Reports Robust ERISA Enforcement in 2017
The Employee Benefits Security Administration (EBSA) restored more than $1.1 billion to retirement plans, health plans and other welfare benefit...