Labor department/EBSA
Worldwide Trade Resources 401(k) gets DOL-appointed independent fiduciary
The Department of Labor announced Thursday it has been given court approval to appoint an independent fiduciary to oversee the $2.2 million Worldwide Trade Resources Inc. 401(k) Plan.
May 24, 2012 | 04:13 pm
California firm to restore $1.3 million to pension plan in settlement
Western Mixers Inc., a Los Angeles-based supplier of nuts, dried fruits, rice and dried beans, will restore nearly $1.3 million to its pension plan after reaching a settlement with the Department of...
May 21, 2012 | 05:30 pm
401(k) fiduciary charged with fraud faces DOL complaint
Matthew D. Hutcheson, a 401(k) plan fiduciary indicted on federal charges of fraud and misappropriation of plan assets, now faces civil charges from the Department of Labor as well.
May 16, 2012 | 03:46 pm
EBSA's FAQs offer fee-disclosure compliance guidance
EBSA on Mondayissued a set of “frequently asked questions” with guidance for plan executives and providers to comply with fee-disclosure regulations.
May 07, 2012 | 03:51 pm
Comment letters back lifetime annuity proposals
Plan executives and service providers are expected to support proposed regulations on lifetime annuities when the IRS holds a public hearing on June 1 in Washington.
May 03, 2012 | 03:06 pm
Retirement income: New strategies should be welcomed
The Obama administration is now beginning to propose regulatory changes affecting retirement plans to encourage the use of lifetime income solutions for retirees.
April 09, 2012 | 12:01 am
Obama budget going after retirement tax incentives
President Barack Obama's fiscal 2013 budget proposal marks his first formal attempt to trim tax incentives for retirement savings.
February 20, 2012
Partial annuities included in proposed lifetime option rules
Providing partial annuities and reducing restrictions on so-called deferred longevity annuities were parts of proposed regulations on lifetime income options in retirement plans announced by the...
February 06, 2012
New DC rules call for direct, indirect fee info
Defined contribution plan service providers will be required to provide more and clearer information on direct and indirect fees being charged to plan sponsors under final federal disclosure...
February 06, 2012
Direct, indirect fee information required under final DC disclosure rules
Defined contribution service providers will be required to provide more and clearer information on direct and indirect fees being charged to plan sponsors under final federal disclosure regulations...
February 02, 2012 | 11:53 am
EBSA's exemptions director to retire
Ivan L. Strasfeld, director of exemption determinations at the Department of Labor's Employee Benefits Security Administration, is retiring on Feb. 2.
January 13, 2012 | 03:36 pm
Some church-linked pension funds drop ERISA coverage
Legal exemptions that allow church-affiliated organizations to sidestep Employee Retirement Income Security Act protections for their defined benefit pension plans increasingly are being used for...
January 09, 2012
Exemptions for 401(k) investment advice become final
Department of Labor rules spelling out permissible scenarios for giving investment advice to 401(k) and IRA participants without violating prohibited transaction rules are now final.
December 29, 2011 | 12:05 pm
DOL delays on fees frustrates defined contribution industry
The unexplained delay by the Department of Labor in issuing regulations governing fee disclosure by providers to plan sponsors is frustrating the defined contribution industry.
December 26, 2011
5 new board members join ERISA Advisory Council
Ralph C. Derbyshire, senior vice president and deputy general counsel for Fidelity Investments parent FMR, and James English, treasurer of the Blue Green Alliance and Blue Green Alliance Foundation,...