Tag: DoL

The U.S. Department of Labor (DoL) obtained six consent judgments requiring payment of nearly $10.5 million in restitution to the DirecTECH Holding Co. Inc. Employee Stock Ownership Plan...

As the last day of submitting comments to the Department of Labor (DoL) drew to a close, the American Society of Pension Professionals & Actuaries (ASPPA) urged the...

The ERISA Industry Committee (ERIC) believes that electronic disclosures will improve efficiencies at every step in a retirement plan, which it explained in a letter to the Department...

With the added support of the U.S. Supreme Court decision in CIGNA Corp. v. Amara, Secretary of Labor Hilda L. Solis again filed an amicus curiae brief with...

The SPARK Institute urged the Department of Labor (DoL) to issue new rules that permit widespread use of electronic media for required disclosures to retirement plan sponsors and...

There are still changes to be made to 408(b)(2), said Assistant Secretary of Labor Phyllis Borzi, speaking last week.

The Employee Benefits Security Administration (EBSA) has requested comments on the proposed extension of three information collection requests (ICRs).

The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) is hosting a workshop on how to correct certain fiduciary violations under the Employee Retirement Income Security Act (ERISA).

In an amicus brief, the U.S. Department of Labor asked the 9th U.S. Circuit Court of Appeals to reverse a federal district court’s dismissal of a 401(k) stock-drop...

The 2010 ERISA Advisory Council found significant problems with retirement plan audit quality, auditor quality, or both.

The ERISA Industry Committee (ERIC) submitted comments to the Department of Labor (DoL) in response to a Request for Information (RFI) on ways the Department could reduce the...

The U.S. Department of Labor is soliciting public comments that address the possibility of expanding or modifying current rules about electronic distribution of employee benefit plan information.

Federal regulators have released a final amendment to Prohibited Transaction Exemption 96-23 that broadens transactions allowed for employee benefit plans whose assets are managed by in-house asset managers...

Federal regulators announced that the deadline for public comment about whether the term “fiduciary” should be expanded has been set for April 12, 2011.

Delroy Joseph Sand, Jr., pled guilty to embezzling approximately $642,166.81 from his company’s employee benefit plan between 2008 and 2009. 

Stating that previous media reports on its position were unclear, the American Society of Pension Professionals & Actuaries (ASPPA) insists it and its affiliated organizations “strongly support” redefining...

The Government Accountability Office (GAO) suggested that retirement plan sponsors and participants should be made more aware of the risk that some investments may have distribution restrictions.

The U.S. Department of Labor (DoL) sued a now-defunct company alleging it walked away from its 401(k) plan without distributing $1.3 million in assets to participants.

At the ASPPA 401(k) Summit in Las Vegas this week, Brian Graff, CEO of ASPPA, and Greg Dean, General Counsel for the Senate Committee on Health, Education, Labor...

The U.S. Department of Labor (DoL) sued Coin Builders LLC of Wisconsin Rapids and its president, Joseph Kreeger, to restore more than $1.3 million plus interest to the...