Labor department/EBSA

ERISA Advisory Council to look at outsourcing and shift to a “non-ERISA” world in 2014

ERISA Advisory Council to look at outsourcing and shift to a “non-ERISA” world in 2014

Department of Labor ERISA Advisory Council voted Wednesday to spend 2014 investigating outsourcing best practices for plan sponsors and the shift from retirement plans covered by the Employee...

March 26, 2014 | 06:18 pm

Changes announced for ERISA Advisory Council

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

March 12, 2014 | 05:29 pm
DOL proposes 401(k) plan fee-disclosure guide

DOL proposes 401(k) plan fee-disclosure guide

The Department of Labor Tuesday proposed a guide for navigating information provided by service providers, in an effort to help plan executives and fiduciaries of 401(k) defined contribution plans...

March 11, 2014 | 02:33 pm
DC East speakers tout importance of education, communication

DC East speakers tout importance of education, communication

Success in achieving defined contribution plan goals can rely as much on how plan executives and service providers communicate as to what investment options they offer, plan designs they prepare, and ...

March 05, 2014 | 05:30 pm

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