Retirement Plan Disclosures Move Into the Digital Age
Plan sponsors need to understand requirements in the new DOL rule, including how to ensure cybersecurity, before moving forward.
Tag: DOL
DOL Sanctions Use of Private Equity in Asset Allocation Funds in DC Plans
An Information Letter addresses concerns with offering private equity in DC plans with five paragraphs detailing considerations for plan fiduciaries...
Opinions |
COVID-19 Compliance Corner: Deadline Extensions Provide Relief to Retirement Plan Sponsors
Each week, Carol Buckmann, with Cohen & Buckmann P.C., will explain legislative provisions or official guidance related to the COVID-19...
Final Electronic Disclosure Rule Published by DOL
The leadership at the regulator says this measure will reduce printing, mailing and related plan costs by an estimated $3.2...
DOL, Wilmington Trust Reach Agreement Over ESOP Overpricing
The agreement requires Wilmington Trust to pay $80 million to 21 employee stock ownership plans (ESOPs) for which it served...
DOL Provides Relief for Certain Retirement Plan Requirements
Relief is provided for verification requirements for loans and distributions and timing for forwarding contributions and loan repayments, among other...
Regulators Extend Time Frames for Special and COBRA Health Plan Enrollment
Extended time limits disregard the period from March 1 until 60 days after the announced end of the national emergency...
EBSA Head Rutledge to Depart Role in Late May
Perhaps his most significant contribution was the role Preston Rutledge played in undoing the Obama-era DOL fiduciary rule expansion.
Administrator of Self-Funded Health Plans Ordered to Restore Funds
The Department of Labor found WH Administrators failed to provide proper plan funding and pay medical claims, as well as...
401(k) Plan Fiduciaries to Pay for Failure to Remit Participant Loan Repayments
A court judgment requires the fiduciaries to not only restore the unremitted repayments to the plan, but also $16,782.80 in...
Insurance Company to Pay $3 Million to ESOP for Alleged Share Overpayment
The DOL alleges that the company’s president influenced an appraiser’s valuation and the ESOP’s trustee didn’t do his due diligence...
DOL, PBGC Announce Searchable Guidance Databases
Each database contains, or links to, all the agency’s guidance documents and provides certain information about them.
DOL Announces Know Your Fiduciary Responsibilities Webcast Series
Contents of the DOL’s Getting It Right – Know Your Fiduciary Responsibilities seminar will be presented via three different webcast...
Former Pension Fund Trustee to Pay $462K for Embezzlement
The trustee embezzled approximately $186,123.93 from the plan, as well as knowingly and willingly failed to file a required annual...
2020 ERISA Plan Compliance Calendar
A schedule to help plan sponsors track important due dates for their plan
Opinions |
Barry’s Pickings: Retirement Policy 2019 Report Card: B+/A-
Michael Barry, president of O3 Plan Advisory Services LLC, rates how actions of Congress, regulators and the courts have or...
Tips on How to Find Missing Participants
Failure to find missing participants could disqualify a retirement plan under the tax code and lead to breaches of the...
Warren Asks DOL Secretary Not to Mimic Reg BI
The Democratic presidential candidate fears the DOL is considering a fiduciary rule that would permit advisers providing advice on retirement...
DOL Enforcement Efforts Are Wide-Ranging
While the DOL’s Employee Benefit Security Administration is diligent in protecting employees’ benefits, plan sponsors can also turn to it...
E-Delivery Proposal Could be Improved, Stakeholders Say
While the retirement plan industry has reacted positively to a DOL proposal to make default e-delivery of plan documents the...