Labor department/EBSA

Guidance, flexibility offered in cash balance rules

Guidance, flexibility offered in cash balance rules

Cash balance plan sponsors got a compliance road map and added flexibility in picking expected rates of return when final regulations on the hybrid plans were issued by the Treasury Department and...

September 29, 2014
ERISA at 40

ERISA at 40

While the Employee Retirement Income Security Act of 1974 benefited millions of people, it did not live up to the “retirement income security” part of its name. Along with praise for what ...

September 01, 2014
Lessons learned from ERISA

Lessons learned from ERISA

ERISA was a farsighted law in many aspects, especially in defining and assigning fiduciary responsibility, including prohibition on conflicts of interests, to those overseeing pension funds. But...

September 01, 2014

DOL issues RFI for guidance on brokerage windows in retirement plans

The Department of Labor issued a request for information to determine whether it should issue additional regulations and/or guidelines for brokerage windows in retirement accounts covered by the...

August 20, 2014 | 03:51 pm
Robert Nagle, an architect of ERISA, dies at 84

Robert Nagle, an architect of ERISA, dies at 84

Robert E. Nagle, who as general counsel of the Senate Committee on Labor and Public Welfare was one of the architects of the Employee Retirement Income Security Act of 1974, died on Saturday night in ...

August 18, 2014 | 03:32 pm
Credit Suisse seeks sentencing delay until decision on asset management waiver

Credit Suisse seeks sentencing delay until decision on asset management waiver

Credit Suisse is asking for its sentencing in a tax evasion case to be moved to at least Nov. 1 to give the U.S. Department of Labor enough time to decide whether to grant the bank a waiver to...

July 09, 2014 | 04:21 pm

GAO urges Form 5500 improvements

Federal pension regulators could do more to improve the reporting of investment and fee information on Form 5500, the Government Accountability Office said in a report issued Monday.

July 07, 2014 | 04:40 pm
BNP Paribas seeks asset management exemption from DOL

BNP Paribas seeks asset management exemption from DOL

BNP Paribas Investment Partners is seeking a regulatory exemption from the Department of Labor to retain its QPAM status to manage retirement plan assets.

July 02, 2014 | 03:26 pm
DOL fee-disclosure guide upsetting DC record keepers

DOL fee-disclosure guide upsetting DC record keepers

Members of the defined contribution industry have had three months to try to digest a Department of Labor proposed rule on fee disclosure, and many of them are choking on it.

June 23, 2014

Labor Department proposal all about location

The Department of Labor has proposed that service providers create a guide for defined contribution plans to identify where fee-disclosure information is located.

June 23, 2014
Rocaton system distills Form 5500 data

Rocaton system distills Form 5500 data

Have you absolutely had it with navigating your way through Department of Labor Form 5500 filings in search of information about U.S. corporate pension funds?

June 23, 2014

ERISA Advisory Council nominations sought

The Department of Labor is looking for people to serve on its ERISA Advisory Council.

June 06, 2014 | 04:22 pm

GreatBanc settles improper ESOP valuation case

GreatBanc Trust Co. agreed to pay $5.25 million to settle charges of improper valuation of the Sierra Aluminum Co. employee stock ownership plan.

June 03, 2014 | 05:42 pm
Credit Suisse awaits DOL asset manager exemption

Credit Suisse awaits DOL asset manager exemption

Credit Suisse is seeking permission to continue providing asset management services to retirement plans, after its banking entity pleaded guilty to helping U.S. citizens avoid taxes overseas.

June 02, 2014 | 03:47 pm
DOL fiduciary rule delayed until 2015

DOL fiduciary rule delayed until 2015

A proposed rule updating the definition of a fiduciary will not come out in 2014, according to the Department of Labor regulatory agenda published May 23 in the Federal Register.

May 27, 2014 | 04:05 pm