Boehner Slams Obama Administration for Advice Move
House Republican Leader John Boehner (R-Ohio) today blasted the decision by the Obama Administration to withdraw the final regulations on investment advice.
Tag: DoL
DoL Cautions Plans about Sharing EFAST2 PINs
U.S. Department of Labor (DoL) officials have cautioned plan administrators that they should not share their PIN numbers for the EFAST2 electronic document filing system.
Payroll Employee Charged with Stealing 401(k) Plan Money
A former payroll administrator for a Houston recycling company has been indicted for stealing paychecks and 401(k) plan money.
IMHO: A SunAmerica Opinion
I am admittedly something of a pension (and regulatory) geek, but when the SunAmerica Opinion was published (December 2001), it was clear that something big had...
PANC 2009: Fees Continue to Be Top of Mind for DoL
The regulatory tone is shifting in Washington, and plan advisers and their clients should be ready for changes, asserted speakers at the PLANADVISER National Conference.
Vick to Turn Over $400K to DoL
Disgraced NFL quarterback Michael D. Vick has agreed to pay $416,461 in restitution to a pension plan sponsored by his company MV7 LLC to settle allegations Vick had...
IMHO: Under New Management
Sitting in the audience at the ASPPA/DoL Speaks conference last week, I was reminded just how disruptive it can be to have a new boss.
EBSA Sets Out Carrot, Stick Agenda
When it comes to employee benefit plans, there’s a new sheriff in town.
DoL Set to Drop Investment Advice Regulations
The Department of Labor is killing the final 401(k) investment advice rule under the Pension Protection Act, according to news reports.
SPARK Pushes Universal Small-Business 401(k)
A trade group representing retirement services industry providers has recommended the creation of a mandatory standardized 401(k) plan.
DoL Moves to Force 401(k) Restitution
The U.S. Department of Labor (DoL) has gone back to federal court asking a judge to force a former health-care firm owner to restore millions of dollars he...
Summary Prospectus Users Still 404(c) Eligible
Plan sponsors got a bit of a roadmap from the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) about how to rely on a summary prospectus to...
Boehner Backs 401(k) Savings Initiatives, But…
House Republican Leader John Boehner (R-Ohio) on Saturday threw his support behind President Barack Obama’s announcement of initiatives to help Americans increase their personal savings.
Obama Administration Launches Retirement Savings Initiatives
As the nation turns its attention to the three-day Labor Day weekend, the White House is talking about retirement security.
DoL Sues Plan Trustees for Misuse of Plans' Assets
The U.S. Department of Labor has sued defunct Vinyl-Mark Products Inc. of Hueytown, Alabama, and the company's pension and profit-sharing plan trustees for allegedly misusing plan assets to...
DoL Extends 403(b) Relief on Form 5500 to Future Plan Years
The Department of Labor (DoL) has said its Form 5500 transition relief for 403(b) plans applies to years beyond the 2009 plan year.
Borzi EBSA Nomination Approved by Senate
The U.S. Senate has approved the nomination of Phyllis Borzi as assistant secretary of labor for the Department of Labor’s Employee Benefits Security Administration (EBSA).
EBSA Fiduciary Program Heads to "Hotlanta"
The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) is taking its compliance seminar series to Atlanta.
DoL Wins Distribution of 401(k) Assets to Former Workers
The U.S. Department of Labor has obtained a judgment in federal district court that will lead to the distribution of $164,251 in 401(k) plan assets to 14 participants.
SEC-DoL Announces Witness Lineup for Target-Date Hearing
The Securities and Exchange Commission (SEC) released the lineup of witnesses set to testify about target-date funds before SEC and Department of Labor (DoL) officials on Thursday.