Experts: Plan Committees Need Consistent Focus on Cybersecurity
Communicating digital safeguards to participants and engaging IT teams are key, experts said at the PLANSPONSOR National Conference.
Tag: Department of Labor (DOL)
Pilot Sues American Airlines Due to ESG 401(k) Investing Strategy
The retirement committee, recordkeeper Fidelity Investments and financial advice provider Edelman Financial Engines were accused of sacrificing fiduciary duty to...
Senate HELP Committee Urges DOL to Prioritize Certain Secure 2.0 Provisions
The recommended focus areas include emergency savings and defined benefit annual funding notices.
ASA: DOL Drops Appeal to 401(k) Rollover Advice Ruling
According to the trade association, the regulator will not appeal a ruling that keeps 401(k) rollover advice outside of fiduciary...
DOL to Extend UBS, Credit Suisse 401(k) Asset Management Exemption
The DOL proposes extending for one year beyond their merger the exemptions being used by UBS and Credit Suisse to...
Asst. Labor Secretary Gomez Says DOL Studying SECURE 2.0 Implementations
The EBSA head also discussed the need to educate market participants on the DOL's ESG rule and changes to COVID-19...
Senate HELP Committee Advances Su’s Nomination on Partisan Lines
No floor vote has been scheduled for the confirmation of the acting Secretary of Labor, who faces Republican opposition.
Acting Labor Secretary Su Says SECURE 2.0 Guidance Coming in “Timely Manner”
Committee to consider Su's confirmation to replace Marty Walsh, who left the DOL in February.
Fears of State IRA Plans Overtaking Private Not Realized, Data Shows
States that have implemented retirement savings programs for employees have not crowded out private plans, new research from the Pew...
DOL Takes On Lawsuit Challenging Its ESG Rule
The Department of Labor argued the ESG rule merely permits ESG considerations and is consistent with ERISA.
EBSA Provides More Time for QPAM Exemption Proposal Comments
The proposed changes to the QPAM exemption can now receive public comment until April 6.
Biden’s First Veto Keeps DOL’s ESG Rule in Place
The president followed through on his promise to veto a Congressional attempt to nix a DOL rule allowing ESG investing...
Anti-ESG States Continue Organizing
Policy experts say that ESG policy is likely to be most active at the state level.
Within ESG, Companies Most Engaged with Environmental, Social Issues
A recent report from ISS ESG indicated that environmental topics receiving the most attention related to water and biodiversity. The...
White House Budget Proposal Increases Funding for DOL Enforcement Actions
President Joe Biden’s proposal for fiscal 2024 also provides Social Security Administration, IRS with more money to improve customer service.
EBSA Announces Three-Part Webinar Series on Fiduciary Duties
The webinars will cover retirement plans and group health plans.
Five New Members Added to ERISA Advisory Council
The five new members join the Council, totaling 15 members, who give advice to the DOL on ERISA regulatory matters.
As US Awaits Biden Veto to Keep ESG Rule, Advisers Shrug
Much ink has been spilled over legislation to overturn a DOL rule that allows ESG investing in retirement plans. Plan...
Senate Joins House in Refuting DOL’s ESG Rule
A resolution to nullify the DOL's rule permitting ESG investing in retirement plans will now go to President Joe Biden,...
House Passes Resolution to Repeal DOL 401(k) ESG Rule
The resolution catalyzes the debate over whether to allow ESG investing considerations in retirement savings plans, with the Senate next...