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.
Tag: DOL
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...
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.
Congressional Republicans Oppose DOL Proposal of New Fiduciary Rule
A notice of rulemaking has not been issued yet, but Republican leaders are already discouraging the Department of Labor from...
Wagner Law Group: Climate Funds, ERISA May Co-Exist, With Prudence
A fiduciary can use climate funds, as long as they ‘equally serve’ the financial interests of participants.
Former American Airlines Pilot Doubles Down on ESG Complaint
The plaintiff responds to an American Airlines motion to dismiss by alleging he was, in fact, defaulted into ESG-related funds...
Court Rules for DOL on ForUsAll Crypto Complaint
A federal court has dismissed a case alleging that the DOL overstepped its bounds when warning recordkeepers and fiduciaries against...
DOL Proposes Extending UBS, Credit Suisse QPAM Exemptions
The two Swiss financial firms are relying on exemptions granted by the DOL to keep managing retirement plan assets, when...
Julie Su’s Nomination to Head DOL Advances From Committee
Su's confirmation as Secretary of Labor faces a close Senate vote.
DOL Responds to ESG Lawsuit on Same Day Its Venue Change Motion is Denied
"Texas resides everywhere in Texas," a federal judge wrote in confirming he would hear the case filed by 25 states.
DOL Reopens Comment Period for QPAM Exemption Change
A third comment period will remain open until April 6.
State Anti-ESG Coalition Clarifies Policy Goals
The alliance highlighted the prohibition of ESG factors in government investing decisions and the use of ‘social credit scores.’
DOL Urged to Pursue Equal Opportunity Cases in Biden Budget Proposal
The White House’s proposed fiscal 2024 budget would also increase budgets for the Social Security Administration and the IRS.
New DOL Rule on ESG Investing in Retirement Plans Draws Republican-Led Legal Challenge
The rule is scheduled to take effect on Monday, but 25 state attorneys general and three fossil fuel advocates are...
2023 ERISA Plan Compliance Calendar
A schedule to help plan sponsors track important due dates for their plan
Department of Labor Announces Form 5500 Changes
The changes to 5500 instructions are made annually.
Why Cybersecurity for Retirement Plans Is More Important Than Ever
Plan sponsors need to ensure retirement plan participants are safe from escalating attacks by hackers that go after their savings,...
Republicans Move to Prevent SEC Climate Disclosure Requirements
Though the SEC has not approved its proposal to require climate-risk and carbon emissions disclosures, Republicans are moving to prevent...
New Jersey Teamsters Local 966 Receives $54.1 Million in PBGC Assistance
Teamsters affiliates have received more than $1 billion dollars in PBGC assistance in the last two weeks.
The Mid-Term Results and What They Mean for ESG and SECURE 2.0
ESG strategists may experience greater uncertainty when Republicans take over the House, but supporters of SECURE 2.0 can still expect...