House Democrats Ask DOL Inspector General to Probe ERISA Advisory Council
More than a year has passed since the council last met; all past members’ terms have ended or have been terminated.
Tag: Department of Labor (DOL)
EBSA Lists Enforcement Priorities Ahead of Aronowitz Hearing
Sub-regulatory guidance will be the agency’s focus, rather than ‘regulating by enforcement.’
Unpacking the DOL ‘Safe Harbor’ for Alternative Investments
Courts are not required to treat the Department of Labor’s six-factor test for plan fiduciaries as anything more than one...
Adams Street Partners Finds Advisers Keen on Private Markets
Among surveyed advisers, 70% said they believe more clients will invest in private markets over the next three years.
Former Morgan Stanley Advisers Ask for Class Certification in Deferred Pay Case
The years-long legal battle that has already drawn in the Department of Labor and shifted partly into arbitration.
DOL, SEC, IRS Face Further Cuts With Trump’s Fiscal 2027 Budget
The Department of Labor could lose one-fourth of its budget and more than 2,000 full-time employees.
DOL Proposed Alts Rule Could Fuel Future ERISA Cases
The Department of Labor may help fiduciaries with its scenarios and test cases on including alternative investments in defined contribution plans,...
DOL Releases ‘Safe Harbor’ Regulation for Alts in DC Plans
The much-anticipated safe harbor aims to reduce ‘regulatory burdens and litigation risk’ for the inclusion of private assets in defined...
Increased Scrutiny of Health Plans Leaves Advisers Racing to Keep Up
Congress’ recent appropriations act and proposed Department of Labor guidance both push for greater transparency from pharmacy benefit managers.
DOL Alternative Assets Rule Passes White House Review
The Department of Labor can finalize the rule after a public comment period lasting 30 or 60 days.
DOL Reverts to 5-Part Fiduciary Status Test
The Department of Labor is not conducting a comment period, nor offering a formal notice, regarding the rule.
DOL Seeks Dismissal of Morgan Stanley Deferred Compensation Challenge
The Department of Labor argues ex-advisers lack legal standing to contest advisory opinion in arbitration dispute.
Texas Judge Vacates DOL Fiduciary Rule
The Department of Labor had already stopped defending the rule on investment advice in court.
DOL Won’t Fight Final Motion for Final Judgement in Second Fiduciary Rule Case
After choosing not to defend the regulation in an earlier case, the Department of Labor has again declined to oppose...
DOL Pursues Final Ruling to Strike Down Fiduciary Rule
The Department of Labor had already ceased defending the investment advice rule and is now joining the plaintiffs in requesting...
Advisers Could Retain ‘Independent Contractor’ Status Under Proposed DOL Classifications
The Department of Labor has proposed replacing its 2024 independent contractor rule with a revised version of its 2021 rule,...
DOL: ESOPs Grew by More than 1M Participants in 10 Years
EBSA revealed progress on its initiative to promote employee ownership and participation.
DOL Proposal Requires Retirement Plans to Offer Yearly Paper Statements
Plan administrators would need to mail annual paper benefit notices and allow more paper opt-ins in compliance with the SECURE...
How Will Private Markets Exposure Impact Fiduciaries?
Experts say the conversation about alternative investments in defined contributions plans has shifted from whether they can be used in...
How Will Fee-Disclosure Rules Impact PBMs?
The new federal reporting provisions for pharmacy benefit managers are more than a generic transparency mandate, according to Groom Law...