Labor department/EBSA

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
ERISA at 40: Stewards reflect on good, bad

ERISA at 40: Stewards reflect on good, bad

Reflecting back on ERISA's first 40 years, the people who've administered it say there were some hits and some misses.

October 27, 2014

Daughters of Charity Health System church plan challenged

Another church-affiliated hospital system is being sued by employees challenging its defined benefit plan’s exemption from federal pension law.

October 24, 2014 | 02:29 pm

Challenges from 401(k) fiduciary breaches litigation

With ERISA entering its 41st year, commentators highlighting the landmark legislation's successes and failures have paid little attention to the newfound focus on fiduciary responsibility resulting...

October 13, 2014
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