Church-Exemption Ruling Could Have Wide Implications
A federal district court judge has widened the exemption to include an N.J. hospital in a lawsuit remanded back to...
Tag: Employee Benefits Security Administration
Federal Judge Strikes Down DOL Rollover Advice Guidance
A U.S. District Court ruled against Department of Labor interpretation that made rollover recommendations count as fiduciary advice.
DOL Seeks More Comments on Correction Program
The Department of Labor extended to mid-April the deadline for public comments on amendments to the Voluntary Fiduciary Correction Program...
District Court Narrows $750,000 Retirement Theft Lawsuit Claims
A federal judge granted the motion to dismiss one of three defendants in a retirement theft lawsuit.
EBSA Collects $1.4 Billion, Largely from Enforcement, in 2022
More than $500 million of the recoveries returned to defined benefit plan participants.
Metro Bank Founder, Wife Reach Settlement with DOL over Profit-Sharing Plan Losses
Vernon and Shirley Hill will pay more than $2 million after claims the couple invested as much as 70% of...
What Would a Government Shutdown Mean for the DOL?
The Department of Labor would be able to sustain services deemed essential, as well as those that receive forms of...
DOL Recovers Millions for Wells Fargo Plan Participants
A settlement has been reached after an Employee Benefits Security Administration investigation.
EBSA Nominee Headed for Confirmation Vote
A Senate vote is scheduled for next week on the appointment of Lisa Gomez as head of the Employee Benefits...
DOL Seeks Public Comments on Protecting Savings From Climate Change
The agency is looking to identify actions it can take under ERISA and other relevant laws to safeguard employees’ savings...
EBSA Nominee Gomez’s Policy Priorities Unclear
President Joe Biden’s nominee for assistant secretary of labor for the Employee Benefits Security Administration, Lisa Gomez, has deep experience...
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.
DOL Issues Guidance for Investors, Plans on Investment Advice Exemption
It sets forth questions an investor can ask potential advice providers and information to help them understand the purpose of...
Marty Walsh Will Be Nominated as Secretary of Labor
Apart from potentially reversing course on fiduciary rule-related regulations, there are many other areas where sources suggest the next DOL...
DOL ERISA Enforcement Results Increase From Previous Year
The agency’s enforcement report describes some ways enforcement actions are initiated.
Federal Court Orders Millions of Dollars Restored to Connecticut Health and Retirement Plans
The decision follows an investigation by the DOL.
DOL Enforcement Efforts Are Wide-Ranging
While the DOL’s Employee Benefit Security Administration is diligent in protecting employees’ benefits, plan sponsors can also turn to it...
Investment Adviser Sentenced for Defrauding Pension Plan
The Department of Labor found the investment adviser made 63 fraudulent requests to Transamerica for lump sum benefit checks for...
Retirement Plan Sponsors and Providers Given Relief by DOL Due to Hurricanes
The DOL relief relates to plan loans and distributions, remittance of contributions and blackout period notices.
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.