403(b) Plan Fiduciaries Ordered to Restore Assets to Plan
A mental health services provider, with its tax-exempt status revoked, was sued by the DOL for failing to remit employee...
Tag: DOL
Information Copies of 2019 Form 5500 Published by DOL
Among other notable changes, the Form 5500’s Line 23 has been revised to eliminate mortality table options that are not...
Reducing the Risk of ESOP Investigations and Litigation
An NCEO report provides details about DOL investigations and litigation against ESOPs and provides considerations for ESOP valuations.
Executive Orders May Impact Retirement Plan Guidance
Attorneys explain that one order attempts to limit the force and effect of sub-regulatory guidance and the other would limit...
What’s With All the Hype About the EBSA Reorganization?
The reorganization of the DOL’s Employee Benefits Security Administration may be good news for the retirement plan community.
Court Orders ESOP Fiduciary to Complete Fiduciary Training
This is in addition to $454,545 in restitution to the plan, paid by the company and its employee stock ownership...
Criticism of DOL E-Delivery Proposal Misses the Mark, Experts Say
“We think there will be cost savings from e-delivery and that these cost savings will be passed on to individual...
Eugene Scalia Wins Senate Confirmation as DOL Secretary
The new Labor Secretary is known for his previous work at the Department of Labor and for a successful litigation...
DOL to Host Webcast About HRAs
The Department of Labor (DOL) and the IRS will discuss the benefits of offering expanded options provided by new health...
Court Orders Fiduciaries to Restore $6.5 Million to ESOP
The court found as a fiduciary to the ESOP, Evolve Bank failed to notice, question or investigate several red flags...
Opinions |
Barry’s Pickings: Eugene Scalia as Secretary of Labor
Michael Barry, president of O3 Plan Advisory Services LLC, reflects on the Department of Labor’s regulatory agenda under former Secretary...
The Retirement Industry Needs a Top Cop’s Guidance
All of the President’s cabinet secretaries have substantial authority to promulgate, interpret and enforce regulations. The DOL Secretary, in particular,...
DOL Offers Relief to MEPs That Did Not File Correct Form 5500s
The Department of Labor (DOL) found more than 100 multiple employer plans (MEPs) in violation of a requirement to include...
DOL Releases Final Rule on ‘Association Retirement Plans’
The rule will permit employers to connect with associations of employers in a city, county, state, or a multi-state metropolitan...
Trump to Nominate Son of Late Antonin Scalia as Labor Secretary
The son of late Assistant Supreme Court Justice Antonin Scalia failed to get confirmation from the Senate for the position...
DOL Secretary Announces Resignation
The editor-in-chief of the Washington Free Beacon says Democrats may end up regretting their calls for Acosta's resignation since his...
Self-Correcting the Inevitable Mistakes
Even the most informed and dedicated retirement plan fiduciaries sometimes miss the target. The good news is, many mistakes can...
Democratic Leaders Call for GAO Review of Fiduciary Landscape
According to Democratic leaders in Congress, the Department of Labor appears to be doing little, if anything, to inform consumers...
DOL Asked to Make Electronic Delivery of Retirement Plan Disclosures the Default
Eight organizations associated with defined contribution (DC) plans submitted a letter to the Employee Benefits Security Administration of the Department...
DOL Anticipates Proposing Another Fiduciary Rule This Year
The item on the Department of Labor’s (DOL)’s regulatory agenda has moved from a final rule expected in September to...