Compliance September 30th, 2025 DOL Relies on ‘Contingency Plan’ During US Government Shutdown During the shutdown, more than 75% of the Department of Labor’s staff are furloughed, but critical requirements like Form 5500...
Compliance September 23rd, 2025 DOL Classifies AllianceBernstein’s Lifetime Income Strategy as QDIA The agency says its regulation for qualified default investment alternatives is flexible enough to accommodate innovations in retirement products.
Compliance September 18th, 2025 Daniel Aronowitz Confirmed to Lead DOL’s EBSA The newly confirmed Assistant Secretary of Labor and head of the Employee Benefits Security Administration has pledged to streamline retirement...
Compliance September 17th, 2025 3 Retirement Bills Advance to Full House of Representatives Two of the bills, which target the Department of Labor’s audit process, sparked heated debate, but the third bill, concerning...
Compliance September 16th, 2025 House Bill Would Allow Transfers of Unclaimed Retirement Distributions to States The bill would have states report unclaimed retirement savings to a Department of Labor database, making it easier for individuals...
Compliance September 12th, 2025 DOL Backs Morgan Stanley, Says Deferred Pay Is Exempt from ERISA The Department of Labor decided that Morgan Stanley's deferred compensation program is a bonus, rather than a pension plan subject...
Compliance September 8th, 2025 DOL Will Replace Biden-Era Independent Contractor Rule The agency has not been enforcing the 2024 rule and will consider a new one, using pre-2024 standards in the...
Compliance September 8th, 2025 Industry Groups Press DOL for Firm Rules on Private Investments in DC Plans Last month, President Donald Trump's executive order gave the Department of Labor six months to provide its regulatory agenda.
Compliance September 5th, 2025 DOL Agenda Commits to Replacing ESG, Fiduciary Rules The U.S. Department of Labor released 150 regulatory proposals, including reversals of Biden-era Environmental, Social and Governance rules and the...
Compliance September 2nd, 2025 House Appropriations Bill Seeks DOL, EBSA Budget Cuts The subcommittee's fiscal year 2026 spending bill would trim the Department of Labor's budget by 28% and the Employee Benefits...
Compliance August 29th, 2025 DOL to Stop Issuing, Accepting Paper Checks Starting on September 30, the Department of Labor will transition to paperless checks, according to a notice published in the...
Compliance August 27th, 2025 GOP Senators Ask for Safe Harbor for Alternative Investments in DC Plans The senators wrote Labor Secretary Lori Chavez-DeRemer that plan fiduciaries need ‘critical safe harbor protections’ from ‘frivolous lawsuits.’
Compliance August 19th, 2025 DOL Wants to Pause Fiduciary Rule Case Through October The Department of Labor asked for an extension through October to consider its options in a federal case challenging the...
Compliance August 19th, 2025 Will DOL Issue Safe Harbor Guidance for Alternative Investments? The Department of Labor swiftly rescinded a 2021 letter questioning private investments in 401(k) plans, but DOL officials have not...
Compliance August 15th, 2025 District Court Denies Bank of America’s Motion to Dismiss 401(k) Forfeitures Case U.S. District Judge Max Cogburn Jr. rejected Bank of America’s argument that its decisions were made in a “settlor capacity”...
Compliance August 13th, 2025 DOL Backs Down from Safe Harbor Repeal ‘Significant adverse comments’ led to the Department of Labor's decision to not repeal protections offered in the Pension Protection Act...
Compliance August 12th, 2025 DOL Revokes Biden-Era Warning About Alternative Investments in 401(k) Plans Department of Labor officials said the 2021 statement had a ‘chilling effect’ for saying that plan fiduciaries were ‘not likely...
Compliance August 7th, 2025 IRI Urges New Jersey to Keep Advisers, Broker/Dealers ‘Independent’ The Garden State has proposed labeling investment advisers and broker/dealers ‘employees’ rather than ‘independent contractors.’
Compliance July 23rd, 2025 DOL Says Citi’s Diverse Asset Manager Program is Unlawful The Department of Labor said the guidance no longer reflects its views, rescinding a 2023 advisory opinion approving the Citi...
Compliance July 11th, 2025 DOL Files Amicus Brief in Support of Companies in 401(k) Plan Forfeiture Complaints In filing an amicus brief to an appeal involving HP Inc., the Department of Labor offered guidance on an issue...