The Department of Labor has recovered $490,594 in defined benefit plan assets from Madison Heights, Mich.-based manufacturer Fourslides Inc., one of two subsidiaries of Revstone Industries LLC.
February 05, 2014 | 04:06 pm
Sen. Tom Harkin, D-Iowa, introduced legislation Thursday that would make universal retirement coverage available to an estimated 75 million Americans who are without access to workplace retirement...
January 30, 2014 | 09:10 am
Western Asset Management Co. will pay $21 million to settle charges involving internal coding errors and cross trading resulting in some investor losses.
January 27, 2014 | 01:24 pm
The Labor Department is poised to take a closer look at whether investors are protected in defined contribution plans that enable employees to go beyond the plan's menu to choose investments.
January 23, 2014 | 09:33 am
People Care Holdings Inc., New York, and its former owners agreed to pay $10 million to settle a lawsuit brought by the Department of Labor alleging inflated stock values paid by the ESOP, as well as ...
January 22, 2014 | 04:14 pm
The Labor Department filed a lawsuit against PBI Bank Inc., the trustee of the Miller's Health Systems Inc. employee stock ownership plan.
December 26, 2013 | 05:19 pm
Federal regulators overseeing retirement plan reporting and disclosure rules could do a better job for plan sponsors and participants, the Government Accountability Office said in a report released...
December 17, 2013 | 04:04 pm
Corporations that sponsor defined benefit plans closed to new employees got some good news Friday from the Internal Revenue Service, which granted relief from non-discrimination testing rules through ...
December 13, 2013 | 03:57 pm
A tentative federal budget agreement struck late Tuesday has groups representing retirement plan sponsors and federal workers gearing up for a fight over pension costs.
December 11, 2013 | 12:20 pm
The Department of Labor's intervention seeking a U.S. Supreme Court hearing on the responsibilities of fiduciaries concerning company stock as an investment option in defined contribution plans might ...
December 09, 2013
The appeal of company stock as an investment option in 401(k) plans could dim considerably if the Department of Labor succeeds in having the U.S. Supreme Court revisit the issue of fiduciary prudence ...
November 25, 2013
The ERISA Advisory Council recommended that the Labor Department consider ways to deliver guidance on pension derisking through lump sums and annuities.
November 05, 2013 | 04:03 pm
Timothy Hauser was named deputy assistant secretary for program operations in the Labor Department's Employee Benefits Security Administration
November 05, 2013 | 05:41 pm
Sunkist Growers Inc. and its pension plan fiduciaries were ordered by a federal judge to restore $1.6 million in plan losses to the company's three defined benefit plans. Sunkist Growers must also...
November 01, 2013 | 09:11 am
Alliant Techsystems Inc. has no current plans to replace Judith Mares, former vice president and chief investment officer who left to become political deputy assistant secretary of...