Labor department/EBSA

 Plan funding notices to apply to single-employer plans for first time; final rule expected Feb. 2

Plan funding notices to apply to single-employer plans for first time; final rule expected Feb. 2

Single-employer defined benefit plan sponsors covered by ERISA will have new guidelines for annual funding notices when the Department of Labor's Employee Benefits Security Administration publishes a ...

January 30, 2015 | 05:17 pm
DOL feeling heat on QPAM exemptions

DOL feeling heat on QPAM exemptions

The Department of Labor is under increasing pressure to get tough on money managers with U.S. retirement plan clients when their firm, or an affiliate, gets into legal trouble.

January 26, 2015
Fiduciary breach issue gets Supreme Court hearing

Fiduciary breach issue gets Supreme Court hearing

The U.S. Supreme Court is scheduled to hear arguments next month in an ERISA case that could greatly expand guidelines for defined contribution plan executives' fiduciary responsibilities.

January 26, 2015
Groups oppose CSAM bid to continue money management in U.S.

Groups oppose CSAM bid to continue money management in U.S.

Several financial watchdog groups opposed Credit Suisse Asset Management's bid to continue providing money management services to retirement plans in the U.S.

January 15, 2015 | 04:01 pm
Treasury’s Iwry says department looking into guaranteed withdrawal products for DC

Treasury’s Iwry says department looking into guaranteed withdrawal products for DC

New Treasury Department rules on using deferred annuities within target-date funds as part of a defined contribution plan shouldn’t be viewed as excluding the department’s consideration...

January 13, 2015 | 03:31 pm
Retirement, financial groups assail proposed regulations on fee-disclosure guide for DC plans

Retirement, financial groups assail proposed regulations on fee-disclosure guide for DC plans

Eleven organizations representing retirement and financial industries have asked the federal government to reconsider proposed regulations outlining how service providers should create a fee-...

January 07, 2015 | 03:32 pm
Lifetime income option use gets boost

Lifetime income option use gets boost

New guidance from the IRS and Department of Labor on using annuities in target-date funds will encourage greater use of lifetime income options in defined contribution plans.

December 22, 2014

Labor secretary names 5 to ERISA Advisory Council

Secretary of Labor Thomas Perez named five new members to the Department of Labor ERISA Advisory Council.

December 15, 2014 | 03:50 pm
Proposed Congress spending bill allows some multiemployer plans to cut retiree benefits

Proposed Congress spending bill allows some multiemployer plans to cut retiree benefits

Controversial reforms for multiemployer pension funds will be part of a congressional spending deal set for a final vote Thursday.

December 10, 2014 | 12:09 pm
DOL asked to back off brokerage rules

DOL asked to back off brokerage rules

Defined contribution industry representatives are resuming efforts to convince Labor Department officials that more extensive regulation of self-directed brokerage accounts is unnecessary and...

December 08, 2014
DOL fiduciary rule proposal on track for January

DOL fiduciary rule proposal on track for January

The Department of Labor will propose a new fiduciary rule in January 2015, said an updated regulatory agenda issued by the Office of Management and Budget.

November 25, 2014 | 01:45 pm
Credit Suisse gets temporary asset manager exemption from DOL

Credit Suisse gets temporary asset manager exemption from DOL

The Department of Labor is deferring a final decision on Credit Suisse’s bid for permission to continue providing asset management services to retirement plans, after its banking entity pleaded ...

November 14, 2014 | 11:51 am

Labor Department files lawsuit against fiduciaries of Severstal Wheeling Inc.

The Labor Department filed a lawsuit against the fiduciaries of two Severstal Wheeling Inc. defined contribution plans, alleging the fiduciaries “imprudently invested” plan assets,...

November 04, 2014 | 04:14 pm
Precision, flexibility vital for DC plans, say speakers at P&I conference

Precision, flexibility vital for DC plans, say speakers at P&I conference

Defined contribution executives need to be both precise and flexible in the managing of their plans, according to fellow sponsors, consultants and providers who spoke at the annual Pensions &...

October 29, 2014 | 01:24 pm
DOL looking at conflicts of interest for consultants

DOL looking at conflicts of interest for consultants

Labor Department officials are scrutinizing potential conflicts of interest when pension consultants with fiduciary responsibilities also manage a plan’s assets or recommend themselves for that ...

October 28, 2014 | 04:08 pm