A former ESOP participant claims fiduciaries created conditions forcing the sale of participants’ assets by attempting to take advantage of COVID-19 economic shocks.
The two Swiss financial firms are relying on exemptions granted by the DOL to keep managing retirement plan assets, when they would otherwise be disqualified for a litany...
Also, with the end of COVID-19 as an official public health emergency, the assistant secretary of labor wants to make sure participants understand the new normal.
The university medical center’s retirement plan failed to disclose revenue sharing or float income and caused workers to pay excessive fees, the complaint alleges.
The chairman of the House Committee on Financial Services, Patrick McHenry, says the swing-pricing rule would hurt investors, especially because of the hard-close provision.
The Department of Labor alleges a closed computer equipment supplier and services company abandoned responsibility for its profit-sharing plan in the late 1990s.