Fiduciaries to Pay $485K for Failing to Forward Payroll Deductions
The DOL sued retirement plan fiduciaries in Connecticut for failing to forward contributions and loan repayments withheld from participants’ paychecks...
Tag: EBSA
DOL Adds Flexibility to Investment Disclosure Requirements
The DOL says a new direct final rule provides a grace period for plan sponsors to furnish plan-related information to...
DOL Alleges Company’s ESOP Creation Was Flawed
Accurate company valuations are critical when it comes to establishing an ESOP, the DOL says in an enforcement action announcement.
DOL Series Takes on Fiduciary Challenges for Small Sponsors
A webcast series from the DOL aims to help increase awareness and understanding about basic fiduciary responsibilities for plan sponsors...
EBSA Issues Final Regs on Annual DB Funding Notices
The Department of Labor’s Employee Benefits Security Administration says a new disclosure rule will ensure workers receive annual funded status...
Senator Hatch Outlines Plans for Retirement Reform
Senate Finance Committee Chairman Orrin Hatch (R-Utah) has formally outlined his hopes and expectations for federal tax reform, including changes...
ERIC Names New Chief Executive
Annette Guarisco Fildes has been appointed CEO of the ERISA Industry Committee.
DOL Explains Drop in 2014 Collections Number
The DOL’s Employee Benefits Security Administration says a substantial year-over-year drop in the agency’s reported collection totals for 2014 is...
2014 EBSA Collection Totals Questioned
The dollar amount secured by the DOL’s Employee Benefit Security Administration dropped substantially in 2014 compared with the previous year,...
DOL Collected Almost $600 Million in 2014 Enforcement Actions
The Department of Labor’s Employee Benefits Security Administration says it restored over $599.7 million to employee benefit plans and participants...
DOL Investigating RadioShack 401(k) Plan
An SEC filing reveals that RadioShack is facing several lawsuits over the company stock investment offering in its 401(k) plan,...
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Segal Offers Compliance Calendars for Plan Sponsors
The Segal Company’s calendars for the new year detail reporting requirements for single-employer and multiemployer plans.
Administration Looks to Improve Health Benefit Comparisons
Proposed rules from a number of federal regulators significantly streamline the Summary of Benefits and Coverage form while including an...
EBSA Proposes Amendments to Excepted Benefits Rules
The Department of Labor’s Employee Benefits Security Administration (EBSA) and the Internal Revenue Service have proposed additional amendments to excepted...
Fiduciaries of Fake Union Plan Ordered to Pay $4.7M
A court determined the fake Professional Industrial Trade Workers Union was a front for a scheme to operate a purported,...
Judge Orders Fee Case Evidence Be Given to DOL
A federal district court has approved the Department of Labor’s motion to intervene in a 401(k) excessive fee case.
EBSA Issues Temporary Exemption for Credit Suisse
Credit Suisse AG has received temporary approval to continue acting as a qualified professional asset manager (QPAM), after pleading guilty...
DOL Secures $2M in Health Benefit Restorations in Atlanta
The U.S. Department of Labor has secured a nearly $2 million voluntary correction by Cox Enterprises Inc. after the Atlanta,...
DOL Files $7M Improper Investment Suit
The Department of Labor filed a lawsuit to restore $7 million to participants in two Wheeling, West Virginia-based retirement plans,...
Regulators Doing More to Ensure Plan Compliance, Outcomes
October 27, 2014 (PLANSPONSOR.com) – Recent actions from regulators show a focus on compliance and improved outcomes for participants.