Tag: Department of Labor

In addition, the agency has announced a “Getting It Right – Know Your Fiduciary Responsibilities” three-day webcast series.

An update from law firm Masuda, Funai, Eifert & Mitchell, Ltd. says that based on reviews of Form 5500s, the...

In addition, a federal district court has ordered the trustee of the plans not to serve in a fiduciary capacity...

Michael Barry, president of October Three (O3) Plan Advisory Services LLC, offers his opinions about retirement plan issues addressed—and not...

Many industry groups that submitted comments to the DOL argued that the plain language of Section 3(5) of the Employee...

The ERISA Advisory Council is asking the DOL to provide guidance on how plan sponsors should evaluate the cybersecurity risks...

They are centered around three key themes: 1) Secure your foundation, 2) Achieve greater prosperity and 3) Inspire confidence.

Willis Towers Watson offers nine actions for DC plan sponsors to mitigate risks in 2019.

The relief relates to the verification procedures for retirement plan hardships and loans, timely remittance of contributions and loan repayments,...

Modifications to the Form 5500 and Form 5500-SF and their schedules and instructions have been highlighted.

The agency says plan sponsors have fiduciary responsibility for selecting and monitoring Retirement Clearinghouse’s Auto-Portability Solution, but once assets have...

The agency is inviting public comment on the proposed exemption and encourages additional proposals.

The DOL relief relates to plan loans and distributions, remittance of contributions and blackout period notices.

These plans allow small businesses within a business group or association to join together to offer defined contribution retirement savings...

Both the DOL and SEC have a September 2019 date for a final action on corresponding fiduciary and best interest...

In a letter, members of Congress accuse the DOL of “regulation through litigation” and ask that clear guidance regarding valuation...

The lawsuit alleged that employee stock ownership plan participants overpaid for company stock.

If there are missing participants that plan sponsors have not made a genuine effort to find, “the entire plan could...

Although it did answer the question of whether the decision was made in response to the 5th U.S. Circuit Court...