Tag: Department of Labor

The Department of Labor backed an appeal by IBM retirees to reopen a lawsuit against the firm for allegedly using...

Meanwhile, the House Appropriations Committee recently proposed a budget that contained sharp cuts to the Employee Benefits Security Administration’s funding. 

The IRS has provided guidance on certain exceptions from the 10% tax penalty for emergency personal or family expenses and...

A federal judge ruled the suit’s ‘theory of liability’ was too broad and dismissed the complaint, which focused on the...

A holding company has agreed to settle a lawsuit that alleged fiduciaries of its ESOP plan enriched themselves and shortchanged...

For employers, mailing COBRA notices by first-class mail to a former employee’s last known address is acceptable, Illinois federal court...

Hear about the experiences of plan sponsors that have been through IRS and DOL audits.

A lawsuit against the Pennsylvania-based company has alleged the plan’s recordkeeper fees were higher –than average and that the plan...

Retirement plan participants alleged fiduciary breaches occurred within the Houston-based health care system’s 401(k) and 403(b) plans.  

The Department of Labor’s Assistant Secretary Gomez offers tools and information for assisting with the transition to retirement from work...

Retirement plan and benefit disclosures should only be given to participants if they contain actionable information, industry groups say.

The Pension Benefit Guaranty Corporation claims a shuttered California corporation’s CEO transferred plan assets to a business checking account.

In less than a year in the program, News Corp. reports strong uptake from participants enthusiastic about repaying loans while...

EBSA will publish rules to open Abandoned Plan Program eligibility to Chapter 7 bankruptcy trustees.  

San Francisco-based software company seeks a settlement in lawsuits that alleged the 401(k) plan charged participants excessive fees.

Morningstar policy brief analyzes the impact of the Department of Labor Retirement Security Rule. 

The Department of Labor is continuing its enforcement push against profit-sharing plans.

A California plan sponsor has sued the provider it removed, 401(k) Easy, claiming the company perpetrated a scheme to defraud...

The amended complaint against the Hess Corp. alleges Hess plan fiduciaries provided target-date mutual funds instead of collective investment trusts...

The action would appoint an independent administrator and distribute assets to the profit-sharing plan’s participants.