Industry Groups, Former DOL Officials Back Lockheed in PRT Dispute
Former Department of Labor officials and industry groups filed briefs opposing the current DOL’s position in litigation over the pension...
Tag: Department of Labor (DOL)
DOL Proposes Rule for PBMs to Disclose Fees to Fiduciaries
Fiduciaries overseeing self-insured employer health plans would receive these mandatory disclosures from pharmacy benefit managers.
DOL Backs Employers Again, Escalates Warning in Forfeiture Cases
The Department of Labor’s fourth amicus brief sided with employers, saying the decision on how to use retirement plan forfeitures...
Third DOL Amicus Brief Sides With Employers
Once again, the DOL argues that choosing how to allocate forfeitures cannot constitute a fiduciary breach under the Employee Retirement...
DOL Rule on Alternative Investments in DC Plans to Focus on Process
The Department of Labor’s rule could be presented for public comment as soon as early February.
The Evolution of Quarterly Investment Committee Meetings
The objective of these regular meetings has changed, and advisers are adapting.
ESOPs Are No Longer Enforcement Priority for DOL
Daniel Aronowitz, the head of EBSA, had previously pledged to ‘end the war’ on employee stock ownership plans.
DOL Completes Proposed Rule on Alternative Investments in DC Plans
The Department of Labor submitted its rule ahead of the six-month deadline given in President Donald Trump’s executive order last...
JPMorgan Backed by DOL in 401(k) Forfeiture Suit
In its amicus brief, the Department of Labor said the retirement plan documents allowed for the use of forfeited contributions...
DOL Promises Safe Harbor for Private Investments in DC Plans
The Department of Labor will offer more legal briefs and ‘lead with compliance assistance,’ according to Deputy Secretary of Labor...
DOL Withdraws Support for Plaintiffs in Yale 403(b) Complaint
The Department of Labor pulled a 2023 amicus brief supporting Yale University employees that said their retirement plan had underperforming...
EBSA Broadens Compliance Program for ‘Delinquent’ Filers
Multiple employer welfare arrangements can now catch up on overdue filings without paying hefty penalties to the Department of Labor.
2025 Employee Benefits Reporting Forms Unveiled by Federal Agencies
New requirements impact discontinued multiemployer pension plans, variable annuity formula plans, and PBGC-covered single-employer plans that have been terminated.
DOL Weighs Amicus Brief in Lockheed Martin PRT Case
Lockheed Martin is likely to get the Department of Labor’s support in regards to the legality of a pension risk...
Joint Amicus Brief Backs Dismissal of 401(k) Forfeiture Complaint Against Wells Fargo
The ERISA Industry Committee and its coalition said that the IRS has consistently taken the position that forfeitures can be...
Federal Appeal of DOL Fiduciary Rule Ends in Circuit Court
The Department of Labor has ended its defense of a 2024 fiduciary rule that would have brought retirement investment advice...
DOL Withdraws Appeal of Stay of 2024 Fiduciary Rule
The Department of Labor’s proposed rule would have expanded the definition of a fiduciary for retirement investors, including rollovers from...
Former Morgan Stanley Advisers Sue DOL Over ERISA Ruling
Three ex-brokers allege the Department of Labor unlawfully aided the firm by issuing an advisory opinion that undermined pending compensation...
Senate Confirms Janet Dhillon to Lead Pension Benefit Guaranty Corporation
Securities and Exchange Commissioner Paul Atkins was also reappointed to a five-year term from 2026 through 2031.
Abandoned 401(k) Accounts Double in Past Decade
‘Forgotten’ 401(k) accounts now total $2.13 trillion, showing an increase of nearly 30% since mid-2023, according to Capitalize.