Investment manager WPN Corp. and Ronald LaBow, its former president, were ordered Monday to pay $15 million to two defined benefit plans of Severstal Wheeling Inc. for failing to diversify plan assets.
August 12, 2015 | 03:17 pm
A customer bill of rights would go “a long way toward informing participants” in retirement savings accounts about what they are paying in fees and transaction costs, and would be better...
August 11, 2015 | 03:47 pm
Public hearings on an updated fiduciary standard proposed by the Department of Labor got underway Monday with witnesses presenting a range of positions.
August 10, 2015 | 03:38 pm
Excess defined benefit plan assets can now be used to pay for retiree health care and life insurance through 2025.
July 31, 2015 | 02:32 pm
The U.S. Supreme Court's decision in Glenn Tibble et al. vs. Edison International et al. could lead sponsors of defined contribution plans to take extreme actions ranging from cutting back on...
July 27, 2015
Comment letters on the Department of Labor's proposed fiduciary rule poured in July 21, the last day of the comment period.
July 27, 2015
Republican members on the House Education and the Workforce Committee want the Department of Labor to withdraw its proposed fiduciary rule.
July 23, 2015 | 12:42 pm
Labor Secretary Thomas Perez is receiving backup from a diverse group of House Democrats as the agency works to update its fiduciary rule.
July 22, 2015 | 03:44 pm
PBI Bank Inc. will pay $1 million to restore alleged losses to the Miller's Health Systems Inc. employee stock ownership plan, under an agreement with the Department of Labor approved in U.S....
July 21, 2015 | 03:41 pm
Comment letters on the Department of Labor's proposed fiduciary rule poured in Tuesday, the last day of the comment period, with many groups representing retirement plan investment and service...
July 21, 2015 | 04:10 pm
The Department of Labor should switch to negotiated rulemaking to produce a new fiduciary standard, U.S. Chamber of Congress officials said Monday.
July 20, 2015 | 03:43 pm
The DOL has issued guidance for defined contribution plan sponsors, clarifying their fiduciary responsibilities under certain circumstances for the monitoring and reviewing of annuities as benefit...
July 14, 2015 | 02:27 pm
States interested in creating their own programs for private-sector retirement savings will have further guidance from the Department of Labor by the end of the year, President Barack Obama said.
July 13, 2015 | 02:10 pm
The Department of Labor’s proposed update to its fiduciary rule “is all about the ERISA-fication of the IRA space,” Groom Law Group Chairman Steven Saxon told attendees at the...
June 29, 2015 | 02:58 pm
A Senate Appropriations Committee budget bill approved Thursday doesn't allow any money for the Department of Labor to finalize its proposed fiduciary rule.