EBSA Head Lisa Gomez Talks Broadening Access to Retirement Benefits
The assistant Secretary of Labor for the Employee Benefits Security Administration spoke to PLANSPONSOR about ‘Schoolhouse Rock,’ disparities in retirement...
Tag: Department of Labor (DOL)
Lack of Policies to Support Working Caregivers Continues to Set US Economy Back
The U.S. has an opportunity to create more than $775 billion in additional economic activity per year by investing in...
Trade Groups Say 60-Day Comment Period Is Not Enough for the Fiduciary Rule
Industry associations write to the DOL arguing that the new proposal is too long and complicated for just a 60-day...
DOL Would Oversee Annuity Sales, Rollovers Under New Proposal
The rule is open for public comment, with legal challenges expected almost immediately.
Rollovers, Investment Menu, Annuity Advice Standards to Be Overhauled in DOL Proposal
The DOL proposal would, under ERISA, assert jurisdiction over annuity sales and IRA rollovers.
26 State AGs Will Appeal ESG Rule Lawsuit Dismissal
After their initial challenge to the DOL’s ESG rule was dismissed, the states are appealing to the 5th Circuit Court...
New House Speaker Mostly Unknown to Retirement Industry
Industry advocates have very little to say about Mike Johnson, good or bad, but another budget showdown could reveal his...
Acting Secretary of Labor Su Clarifies Aim of New Fiduciary Proposal
The proposal seeks to broaden the definition of fiduciary adviser under ERISA, though the precise wording is not yet available.
Complaints Filed Against 5 Companies to Collect Money Owed to 2 Teamsters Pension Trust Funds
Lawyers for the plaintiff, a third-party administrator, alleged identical claims against each defendant.
Citi Gets DOL Approval for Diverse Manager Plan Fee Payments
The bank’s attorneys tout a positive response from the DOL on the program designed to promote diverse asset managers in...
ESOP Creation Deterred by Lack of Valuation Rules, Report Says
A report from Matrix Global Advisors found that ESOPs need clear rules on valuation, which SECURE 2.0 requires the DOL...
Products |
Guideline Launches Starter 401(k) Plan
The plan provider aims to gain greater market share of retirement 401(k) plans and has debuted a starter product for...
Provider Due Diligence: Key to Avoiding Catastrophic Cyberattacks
The recent MOVEit breach highlighted the need for plan sponsors to carefully vet service providers in order to protect participants’...
Be Prepared: When a Cybersecurity Issue Occurs, Plan Sponsors Can Spring Into Action
Those with experience say ‘clear, concise communications’ and coordination with partners are vital in crafting an effective response.
Benefits |
Social Security Administration Cannot Calculate 2024 COLA if Government Shuts Down
The Bureau of Labor Statistics, which would shut down completely, produces the data necessary to update the COLA.
Plaintiffs File Dueling Motion in NYC Pension Funds ESG Lawsuit
Plaintiffs seek to add former U.S. Labor Secretary Eugene Scalia to their legal team.
Federal Judge Rejects One of Two Challenges to DOL ESG Rule
The court’s decision says that the rule does not violate ERISA, but another case in Wisconsin continues.
Department of Labor Recovers $22.5M for ESOP
The plan’s former trustee, Reliance Trust Company, settled a complaint following an investigation.
American Airlines Files Motion to Dismiss
The back-and-forth between the former pilot and the air line over ESG considerations continues in federal court in Texas.
Retirement Industry People Moves
Newfront hires Lumban as retirement plan consultant; Vestwell selects new VP; PGIM hires Adler as private alternatives CEO and president;...