California Marketer Claims Plan Change Caused Recordkeeper to Retaliate
A California plan sponsor has sued the provider it removed, 401(k) Easy, claiming the company perpetrated a scheme to defraud...
Tag: Department of Labor (DOL)
How Does the DOL’s Independent Contractor Rule Affect Plan Eligibility?
401(k) and 403(b) plans should review plan documents and independent contractor processes.
Amended Lawsuit Targets Hess Corp.
The amended complaint against the Hess Corp. alleges Hess plan fiduciaries provided target-date mutual funds instead of collective investment trusts...
DOL Asks for Budget Increase to Implement SECURE 2.0
The anticipated final retirement security proposal did not feature anywhere in the budget proposal.
DOL Requests Approval of Settlement in Pennsylvania Mushroom Farm Case
The action would appoint an independent administrator and distribute assets to the profit-sharing plan’s participants.
After DOJ Criminal Sentence, DOL Sues Profit-Sharing Plan of Pennsylvania Mushroom Farmer
Department of Labor brings a lawsuit against the profit-sharing plan of a criminally indicted Pennsylvania mushroom farm retirement plan.
ACLI Concerned IB 95-1 Changes Will Cause ‘Chilling Effect’ on PRT Market
The American Council of Life Insurers expressed support for DOL regulation, instead of an interpretive bulletin, to address concerns about...
Benefits |
DOL Attains Court Order Directing Defunct Firm Restore Missing 401(k) Money
A federal court in Maryland ordered a defunct engineering company and its owner to pay $388,458 to restore missing contributions...
DOL Alleges Profit-Sharing Plan Fiduciaries Took Retirement Plan Assets
The Department of Labor alleges the plan fiduciaries at a tree service company used retirement assets from a profit-sharing plan...
Minnesota Sponsor Sues Adviser for True-Up Plan Amendment
The cost of a plan amendment to allow safe harbor and true-up contributions prompted Great Lakes Management Co. to allege...
DOL Finalizes QPAM Rule
Qualified professional asset managers can now be disqualified for foreign convictions and domestic non-prosecution agreements.
DOL Files Papers to Enforce Petition against TPA
The Department of Labor seeks to enforce a summons against a Philadelphia-based third-party administrator to execute an Employee Benefits Security...
DOL Answers Appeal in ESG Rule Litigation
The ESG rule was upheld in a Texas district court, but was appealed to the 5th Circuit in October 2023.
Benefits |
Molina Healthcare Close to Win in ERISA Lawsuit
A California federal judge’s ruling in an ERISA lawsuit against Molina Healthcare provides a window into this court’s thinking on...
Advocates for DOL Fiduciary Proposal Say Existing Insurance Regulations Fall Short
The proposal would add a private right of action and tighter conflict of interest rules.
How Can a Late 403(b) Plan Remittance Be Corrected?
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
DOL Says Central States Must Repay $127M SFA Overpayment
Central States was granted $127 million that it was not entitled to because the PBGC counted over 3,000 deceased participants...
Plaintiffs Request Judge Approve Settlement in ERISA Data Breach Lawsuit
Attorneys for the plaintiffs in a case about cybersecurity liability for participant data asked a Georgia federal judge for final...
DOL Sends Final Fiduciary Rule to OIRA For Review
The final draft has been written and now will undergo a review expected to take about 60 days.
Senate to Hold Julie Su Re-Nomination Hearing Wednesday
The same Senate committee will also host a panel to discuss methods of expanding access to defined benefit plans.