Judge Rules on DOL ESOP Challenge with Mixed Results
The mixed decision comes after DOL moved for summary judgement; the defendants responded by moving to exclude key testimony from...
Tag: EBSA
DOL Announces Fiduciary Seminar in New York City
The compliance assistance program will increase awareness and understanding about basic fiduciary responsibilities when operating a retirement plan.
DOL Announces Fiduciary Seminar in Rhode Island
The compliance assistance program will increase awareness and understanding about basic fiduciary responsibilities when operating a retirement plan.
Former CEO of Pharmaceutical Benefits Management Company Sentenced for Kickback Scheme
The CEO pled guilty last year for paying illegal kickbacks to producers in an effort to steer employee health benefit...
Pension Trustee Found Guilty of Theft
The trustee is ordered to pay $234,271 in restitution, serve a year of probation and be barred from serving as...
Employee Convicted of Embezzling $120K from 401(k) Plan
A former office manager of New England Anesthesiologists, Inc. has been sentenced to 37 months in federal prison and to...
Reports Suggest Massive Fraud in DOL Fiduciary Rule Commentary Process
So far, reporting seems to suggest that the numerous fraudulent comments submitted to DOL regarding the fiduciary rule were done...
New EBSA Leader Preston Rutledge Takes Up Trump Agenda
Following news of Preston Rutledge’s approval by the full Senate to head the Employee Benefits Security Administration, several retirement industry...
Multiemployer Plan Fund Manager Sentenced for Fund Theft
In addition to being barred as serving as a fiduciary for five years, the fund manager is ordered to make...
EBSA Nominee Rutledge Advances Through Senate Help Committee
Preston Rutledge seems to be enjoying relatively little opposition as he moves closer to becoming the Assistant Secretary of Labor...
Trump Eying Top Aide to Sen. Hatch for Lead EBSA Role
The future head of EBSA would play a substantial role in the fate of the fiduciary rule.
Actuaries Propose Simplified Pension Funding Notices
The Annual Funding Notice requirements implemented by the Pension Protection Act have been somewhat helpful but could be significantly improved,...
Regulators Have Big Agendas Still for 2017
On the IRS’ list are rules and guidance for which it still plans to issue a Notice of Proposed Rulemaking...
Trustee Found Liable for Diversification Failures
At various times between 2006 and 2009, according to EBSA findings, the plan was 100% invested in stock warrants.
Business Owner Pleads Guilty to Theft From 401(k) Plan
The business owner tried to blame other employees until she met with a DOL investigator.
Stiff Prison Sentence After EBSA Fraud Investigation
EBSA says investors’ dollars, including ERISA-covered assets, were diverted to pay for home renovations, personal credit card payments and mortgage...
(b)lines Ask the Experts – Must Form 8955-SSA Be Filed Electronically?
“I have received conflicting information as to whether Form 8955-SSA is required to be filed electronically. Can the Experts clarify?”
Labor Secretary Says SEC Will Work With DOL on Fiduciary Rule
In addition, Acosta said the DOL’s budget proposal funds an effort to improve ERISA disclosures to retirement plan participants.
DOL Officially Pulls Back Final Rules for Government-Run Plans
The agency says resolutions passed by the president invalidate its earlier final rules.
Sponsor Admits Embezzlement of Plan Dollars
The plan sponsor was criminally prosecuted and pled guilty to embezzlement in June 2016; she was ordered by EBSA to...