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...
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...
Deals and People | January 8th, 2021 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...
Compliance | October 29th, 2020 DOL ERISA Enforcement Results Increase From Previous Year The agency’s enforcement report describes some ways enforcement actions are initiated.
Compliance | July 31st, 2020 Federal Court Orders Millions of Dollars Restored to Connecticut Health and Retirement Plans The decision follows an investigation by the DOL.
Compliance | December 2nd, 2019 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...
Compliance | March 7th, 2019 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...
Compliance | October 29th, 2018 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.
Compliance | May 11th, 2018 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.
Compliance | February 5th, 2018 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...
Compliance | February 1st, 2018 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...