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
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
The ERISA Advisory Council recommended that the Labor Department consider ways to deliver guidance on pension derisking through lump sums and annuities.
November 05, 2013 | 04:03 pm
Timothy Hauser was named deputy assistant secretary for program operations in the Labor Department's Employee Benefits Security Administration
November 05, 2013 | 05:41 pm
Sunkist Growers Inc. and its pension plan fiduciaries were ordered by a federal judge to restore $1.6 million in plan losses to the company's three defined benefit plans. Sunkist Growers must also...
November 01, 2013 | 09:11 am
Alliant Techsystems Inc. has no current plans to replace Judith Mares, former vice president and chief investment officer who left to become political deputy assistant secretary of...
October 30, 2013 | 04:11 pm
Fiduciaries of the Parrot Cellular Employee Stock Ownership Plan agreed to pay $4.2 million to settle a lawsuit brought by the Department of Labor alleging inflated stock prices paid by the ESOP.
October 23, 2013 | 04:02 pm
The history of U.S. pension legislation over the last four decades is largely one of playing catch-up.
October 14, 2013
California filed a lawsuit against the Department of Labor on Friday for “improperly denying federal grants to California public transit works after it erroneously concluded that the pension...
October 04, 2013 | 05:47 pm
Employers wondering how the Supreme Court decision that voided parts of the Defense of Marriage Act affects their retirement plans got some clarity Wednesday from the Department of Labor.
September 18, 2013 | 05:38 pm
Many defined contribution service providers are not complying with the letter or even the spirit of fee disclosure regulations, said Phyllis Borzi, assistant secretary of labor and head of the...
September 12, 2013 | 02:11 pm
Public transit workers in California will not be subject to new pension rules imposed on state and local government employees under a plan proposed by California Gov. Edmund. G. “Jerry”...
September 05, 2013 | 04:09 pm
The Obama administration is using the federal government's financial clout to attempt to weaken public employee pension reforms passed last year by the state of California. In particular, it is...
September 02, 2013
The Department of Labor filed a lawsuit Thursday against California Pacific Bank and four of its directors for mismanaging the bank's employee stock ownership plan resulting in potential losses of $1....
August 22, 2013 | 05:56 pm
Labor Secretary Thomas Perez inherited a fight over workers' rights and California's pension reforms.