DOL Appoints Independent Fiduciary to Abandoned Plan
Fiduciaries of the Sacred Heart Hospital Profit-Sharing 401(k) Plan failed to administer the plan after the hospital operations ceased in...
Tag: DOL
GAO Explores Why Few Retirement Plans Embrace ESG Investing
GAO says in other cases where plans may face complexity, such as selecting a target-date fund or monitoring pension consultants,...
Business Owner to Serve Prison Time for 401(k) Plan Embezzlement
A multi-agency investigation found that from approximately May 2011 through August 2012, the business owner unlawfully embezzled and converted approximately...
Pace of EBSA Settlements and Plan Corrections Is Strong
“On the retirement side, again, there is a strong focus on missing participants, and EBSA is diving incredibly deep," says...
ERIC Calls Foul in DOL’s Missing Participant Push
In an open letter asking for more detailed guidance, the ERISA Industry Committee spells out what it says are “examples...
Will Regulation About Association Health Plans Satisfy the Intent?
Commenters about the Department of Labor’s regulation say it could result in state restrictions, ratings that will make costs unequal...
Fiduciary Responsibilities Seminar to Be Held in Miami
Topics to be covered include: Understanding your plan and your responsibilities; carefully selecting and monitoring service providers; avoiding prohibited transactions;...
IRS and DOL Asked for Better Guidance on Missing Participants
The Plan Sponsor Council of America has heard concerns from its members that they have been or may be subjected...
Cerulli Analysts Tackle Tough Topic of ESG ‘Materiality’
While not a new concept, materiality is essential to efficiently integrating ESG factors into the investment process; it all boils down to...
Opinions |
Social Investing and ERISA Plans: The Context Is Significant
Thomas White, partner at Rimon Law, discusses how plan sponsors should consider ESG investments following the DOL’s latest guidance.
5th Circuit Officially Mandates Decision to Vacate DOL Fiduciary Rule
Industry stakeholders immediately offered their thoughts on the complex regulatory saga that has surrounded the now-defeated DOL fiduciary rule; depending...
DOL Assists Custodians With Cleaning Out Abandoned Plans
When a plan is abandoned, custodians are left holding the assets of the plan, but lack the authority to terminate...
Signs of Annuity Market Stabilization After DOL Fiduciary Rule Derailment
Data from Morningstar demonstrates variable annuity net assets fell 1.6% to $1.95 trillion during the first quarter of 2018, versus...
Court Orders Independent Plan Fiduciary for Cambridge Technology Group
The DOL found the company's president and CEO did not process any distribution requests submitted by 401(k) plan participants, among...
DOL’s ESG Investing Bulletin Raises Important Questions for Plan Fiduciaries
Given some of the strong language used to warn retirement plan fiduciaries against placing other interests ahead of the financial...
DOL Fiduciary Responsibilities Seminar Coming to Chicago in July
The compliance assistance program will increase awareness and understanding about basic fiduciary responsibilities when operating a retirement plan.
(b)lines Ask the Experts – Dealing With Missing Participants
“I have been reading a lot about missing retirement plan participants lately. If our plan has any, should I be...
Court Orders Former Lighting Company Owner to Pay Back Profit Sharing Plan
An investigation conducted by the DOL found the past trustee had issued checks from the plan’s checking account to the...
401(k) Plan Trustees Ordered to Pay Back Misused Funds
A DOL investigation found the trustees used plan assets for businesses and properties owned by themselves and family members.
ESOP Fiduciaries to Pay More Than $2 Million to Settle DOL Lawsuit
The Department of Labor sued Sonnax Industries, company officers and ESOP fiduciaries Tommy Harmon and Frederick Fritz, and Illinois-based First...