Tag: Department of Labor (DOL)

Under the proposed DOL fiduciary definition, the types of information given to participants are restricted or permitted and the adviser’s compensation model will also be affected. Yet advisers...

The Republican-controlled House Financial Services Committee approved H.R. 1090, the “Retail Investor Protection Act,” for potential consideration by the floor.

To expand private-sector coverage, a new report from the GAO calls for Congress to amend the ERISA pre-emption provision.

A vast majority of individuals say they are open to the idea of in-plan lifetime income options, but only about one in five DC plan sponsors say they’re...

Nearly all American investors agree financial advisers should be required to proactively disclose conflicts of interest, actual or potential, to would-be clients. 

DOL says the proposed rule has been sent to the Office of Management and Budget.

Clarifying regulations could help plan sponsors choose plan investments, the GAO says.

A lawsuit says BAT Masonry was valued at $13 million less than what its ESOP paid for company stock.

A health care company filed no annual reports, did not perform valuations and took more than $1.6 million in improper distributions in violation of ERISA, the DOL alleges.

The DOL says officials at Cement Masons Southern California Trust Funds illegally retaliated against a whistleblower who flagged ERISA violations.

A construction company ceased operations in 2013 and has not paid 401(k) participants their plan assets, according to a lawsuit.

A study commissioned by the Financial Services Institute says the amount is nearly 20 times the DOL’s estimate.

Focus on DOL’s fiduciary rulemaking is understandable—but there are other major regulatory changes in the works that will directly impact retirement plans.

With hearings ongoing in Washington, Labor Secretary Perez underscores commitment to fiduciary rule change in letter to federal lawmakers.

The Department of Labor has released its agenda for next week’s public hearings to discuss the department’s proposed fiduciary rule changes.

A group of mostly Republican Congressional representatives are urging Secretary of Labor Thomas Perez to scrap the current fiduciary rule proposal.

With Tuesday’s deadline to submit comment letters about the fiduciary proposal, announcements came from many organizations.