Groups Express Support for DOL’s Proposed ESG Rule
They made suggestions that addressed others’ concerns that plan fiduciaries would consider the language of the rule as a mandate...
Tag: DOL
DOL Urged to Withdraw Proposal on ESG Investments in Retirement Plans
A group of senators and the ASA issued letters saying the newly proposed rule weakens protections for retirement plan investors...
Alight Ordered to Comply With DOL Subpoena Related to Cybersecurity Incidents
A Department of Labor investigation was prompted, in part, by its discovery that Alight had processed unauthorized distributions from retirement...
Report Offers Insight on How DOL Gets Leads for Benefit Plan Enforcements
The Employee Benefits Security Administration recovered $2.4 billion for plans, participants and beneficiaries in FY 2021.
Satisfying Electronic Disclosure Requirements for SPDs to New Hires
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
2021 Best Practices Conference: Understanding ERISA and Fiduciary Fundamentals
Attendees at the virtual conference learned about what it takes to operate a plan that complies with all regulatory responsibilities...
Service Provider Collaboration and the DOL’s Cybersecurity Guidance
Retirement plan sponsors may have difficulty achieving full compliance with the DOL’s cybersecurity guidance because many of the required actions...
DOL Alleges ESOP Sale Illegally Benefited Plan Fiduciaries and Their Children
The Department of Labor says the plan’s ownership interest was sold for less than market value, effectively transferring the rest...
A Pro-ESG Framework That Could Finally Stick
Now that industry experts have had some time to digest the DOL’s new proposal regarding the use of ESG investment...
New Financial Audit Rule Increases Requirements for Plan Sponsors
Plan sponsors will be required to provide much more data, as well as certifications about plan administration and governance, and...
DOL Proposes New Rule on ESG Investing in Retirement Plans
The agency says the proposal seeks to emphasize that climate change and other ESG factors can be financially material and...
Benefits |
Government Announces 5.9% Social Security Boost in 2022
Many millions of Americans drawing core Social Security benefits and Supplemental Security Income payments will see their benefits grow substantially...
DOL’s ESOP Valuation Case Against Engineering Firm Falls Flat
The court notes that the ESOP trustees, while accepting a price very close to what the sellers were seeking, saved...
DOL Asks for Comments on Proposed Changes to Form 5500
The agency—which says the revisions are needed to implement provisions of the SECURE Act—has also published a notice of proposed...
Former Fiduciary Sanctioned Over Illegal Transaction
The Department of Labor says the fiduciary diverted tens of millions of dollars in plan assets for their own personal...
New SEC Adviser Says Consumer Protection is Top Priority
Barbara Roper, who is known for her extensive work on financial services consumer protections as a leader of the Consumer...
Opinions |
Developing a Prudent Process for Cybersecurity
Principals with Groom Law Group discuss steps retirement plan sponsors can take to avoid or be prepared for a DOL...
DOL Urges Recoupment of Uncashed Checks From Prior Recordkeepers
Attorneys from Morgan Lewis suggest plan sponsors proactively reach out to prior providers to find out if there are any...
ESG Regulation Submitted to OMB by DOL
The title of the regulation also suggests it will address the related but distinct issue of proxy voting advice and...
What Comes Next With ESG Regulations?
The regulatory outlook for retirement plan sponsors looking to implement environmental, social and governance themed investments has been complicated, but...