Labor department/EBSA

Labor Department recovers Revstone subsidiary’s pension fund assets

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
Universal retirement legislation submitted by Harkin

Universal retirement legislation submitted by Harkin

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
WAMCO reaches settlements with SEC, DOL

WAMCO reaches settlements with SEC, DOL

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
DOL set to take a look at 'brokerage windows' in 401(k) plans

DOL set to take a look at 'brokerage windows' in 401(k) plans

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 to pay $10 million in ESOP lawsuit settlement

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

Labor Department sues ESOP trustee for Miller's Health Systems

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

GAO study: Better pension reporting coordination needed

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
IRS issues testing relief for closed DB plans

IRS issues testing relief for closed DB plans

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
Federal budget deal stirs fight over pension costs

Federal budget deal stirs fight over pension costs

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
Presumption of company stock

Presumption of company stock

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
Supreme Court asked to clarify company stock issue in 401(k) plans

Supreme Court asked to clarify company stock issue in 401(k) plans

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
Labor Department's advisory panel drops push for derisking rules

Labor Department's advisory panel drops push for derisking rules

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

EBSA names new deputy assistant secretary for program operations

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 ordered to reimburse plans for $1.6 million

Sunkist Growers ordered to reimburse plans for $1.6 million

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 has no plans to replace CIO

Alliant Techsystems has no plans to replace CIO

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...

October 30, 2013 | 04:11 pm