Compliance | July 17th, 2023 DOL Secures $124 Million Settlement on Behalf of DST Systems Participants DST Systems Inc. was accused of mismanaging its profit-sharing 401(k) plan and failing to diversify the plan’s assets, which resulted...
Compliance | July 12th, 2023 Terminated Employee Alleges Twitter Didn’t Pay Promised Severance The proposed class action brought by Twitter’s former head of people experience alleges Elon Musk and X Corp. violated ERISA...
Compliance | July 12th, 2023 EBSA Compliance Seminar Set for August The seminar will take place in Buffalo, New York, and aims to educate plan sponsors about basic fiduciary responsibilities.
Compliance | July 10th, 2023 FAQ Clarifies Status of In-Network Providers, Facility Fees The FAQ also strengthens the health care cost protections of the No Surprises Act.
Compliance | June 26th, 2023 EBSA to Host Health Benefits Seminar in Las Vegas Small and midsize employers have an opportunity to learn more about complying with federal and state health care laws next...
Compliance | June 15th, 2023 EBSA Says It Will Propose Fiduciary Rule in August The regulatory agenda contained several other items, such as the 401(k) lost and found, emergency savings sidecars and pooled employer...
Compliance | June 1st, 2023 Senate HELP Committee Asks DOL to Focus on 6 SECURE 2.0 Provisions Areas including emergency savings and employer ownership were identified as 2024 brings more SECURE 2.0 regulatory deadlines.
Compliance | April 26th, 2023 Julie Su’s Nomination to Head DOL Advances From Committee Su's confirmation as Secretary of Labor faces a close Senate vote.
Benefits | March 24th, 2023 EBSA’s Gomez Highlights Retirement Pioneer During Women’s History Month Lisa Gomez, the head of EBSA, honored Cindy Hounsell’s achievements in increasing women’s financial education and retirement security.
Investing | March 20th, 2023 Biden Uses First Veto to Uphold DOL ESG Rule Veto permits retirement plans to continue using environmental, social and governance criteria when selecting retirement plan investments.
Compliance | March 8th, 2023 Upcoming EBSA Webinars Will Detail Fiduciary Duties Three EBSA webinars this month will explain the basics of ERISA fiduciary duties for retirement and health plans.
Compliance | March 7th, 2023 DOL Appoints 5 New Members to the ERISA Advisory Council The new members represent accounting, insurance and the interests of employers, employees and the general public.
Compliance | February 28th, 2023 Assistant Secretary Gomez Explains Upcoming EBSA Priorities Effective disclosure, SECURE 2.0 and ESG are at the top of EBSA’s short-term agenda, according to EBSA Head Lisa Gomez.
Compliance | February 24th, 2023 Representative DelBene Proposes Legislating DOL’s ESG Rule The bill, if passed, would amend ERISA and remove the legal basis for challenging the use of ESG factors in...
Administration | February 24th, 2023 Form 5500 Changes for 2023 The Department of Labor has published the Form 5500 changes for this year.
Compliance | February 23rd, 2023 New Lawsuit Calls ESG Unlawful “Investing Fad” A second court must now determine if ESG can be lawfully considered in retirement fiduciary decisionmaking.
Compliance | February 22nd, 2023 Overturned DOL Rollover Rule Likely to Be Appealed, Attorney Says The DOL is expected to appeal a district court’s decision, which could result in the rule being re-instated.
Compliance | February 7th, 2023 NHL Players’ Union Will Reportedly Hire DOL Secretary Marty Walsh Walsh is expected to leave the DOL to lead the NHLPA.
Compliance | February 6th, 2023 Partisan Divide Continues to Sharpen on ESG Investing EBSA head Lisa Gomez spoke in defense of a DOL rule that would permit ESG in retirement plans as Republicans...
Compliance | January 31st, 2023 1 New York, 2 Michigan Pension Plans Receive PBGC Assistance The three supplemental SFA packages provide a total of more than $200 million.