A U.S. District Court judge removed Metavation LLC Chairman George Hofmeister and investment adviser Bernard Tew as defined benefit plan trustees.
July 29, 2013 | 03:59 pm
The Labor Department won a consent judgment against a pension trustee for allegedly misusing $4.2 million in assets for the Sadimara Knitwear Inc. and the Stallion Knits Ltd. pension plans in New York.
July 24, 2013 | 03:58 pm
Federal pension overseers, joining forces to stop what they say is widespread fiduciary misconduct by Revstone Industries LLC Chairman George Hofmeister, are winning some crucial victories. But they...
July 22, 2013
Employer groups are pushing the Obama administration for guidance following the Supreme Court's June 26 decision that voided key provisions of the Defense of Marriage Act. That decision becomes...
July 18, 2013 | 03:55 pm
Thomas E. Perez was confirmed as secretary of labor by the Senate on Thursday by a vote of 54-46.
July 18, 2013 | 02:52 pm
The Department of Labor's Employee Benefits Security Administration is giving people more time to comment on possible regulations on lifetime-income statements for defined contribution plan...
June 28, 2013 | 10:11 am
Money managers that invest their own retirement fund assets might not be paying close enough attention to a Department of Labor audit requirement, ERISA experts warn.
June 18, 2013 | 03:55 pm
Fifty-one percent of 401(k) plans expect to change their investment lineups in the next 12 months, a “considerable” increase from the 44% that forecast changing lineups a year ago.
June 18, 2013 | 03:06 pm
The Department of Labor is suing pension trustees of two subsidiaries of Revstone Industries LLC and an investment adviser to recover $4.9 million in defined benefit plan assets that the agency...
June 11, 2013 | 03:58 pm
The Department of Labor's ERISA Advisory Council is considering the legal and plan design challenges of derisking defined benefit plans through annuity purchases or lump-sum distributions.
June 05, 2013 | 03:51 pm
Thomas E. Perez was approved for confirmation as secretary of labor by the Senate Health, Education, Labor and Pensions Committee on Thursday.
May 16, 2013 | 02:48 pm
Thomas E. Perez was nominated Monday by President Barack Obama as secretary of labor.
March 18, 2013 | 03:36 pm
The White House is expected to name civil rights attorney Thomas E. Perez as secretary of the Department of Labor this week.
March 11, 2013 | 04:02 pm
Corporate defined benefit plan sponsors will need to alert participants regarding new plan underfunding calculations resulting from the MAP-21 law, according to interim guidance from the EBSA.
March 08, 2013 | 03:23 pm
Pension and benefit funds investing indirectly in Bernard Madoff’s Ponzi scheme through funds managed by Austin Capital Management will get more than $34 million in a settlement announced...