Tag: Department of Labor (DOL)

The dollar amount secured by the DOL’s Employee Benefit Security Administration dropped substantially in 2014 compared with the previous year, despite a higher number of cases closed and...

In Amara v. CIGNA Corp., an appellate court has once again agreed that a change in plan terms is an appropriate remedy for plan misrepresentations.

The U.S. Department of Treasury maintains the view that its myRA program is not subject to the extensive reporting, disclosure, fiduciary duty or other requirements of ERISA. 

A U.S. Congressman has introduced a bill to encourage small businesses to offer retirement plans for employees.

Several regulations and pieces of guidance issued in 2014 will have a lasting impact on retirement plans.

With invigorated provider interest and new guidance from key regulators, 2014 turned out to be an important year for annuities in employer-sponsored retirement plans.

Responding to a request for information from the DOL, most industry groups said they believe no further regulation is necessary to govern use of brokerage windows in retirement...

Trends, legislation, regulations and litigation will continue to affect the retirement industry in 2015.

Experts from Drinker Biddle & Reath LLP had no shortage of topics to cover in a recent discussion about potential regulatory and legislative actions related to employer-sponsored retirement...

With acronyms like ADP, ACP, NHCEs, and HCEs, the technicality of 401(k) plan nondiscrimination testing may seem overwhelming.

A federal district court has approved the Department of Labor’s motion to intervene in a 401(k) excessive fee case.

The Plan Sponsor Council of America (PSCA) re-launched its online ERISA Fiduciary Training Program.

Sometimes, Form 5500 errors can come down to something as simple as a single number. Here are some goofs for retirement plan advisers to keep an eye out...

Retirement plan advisers should be on the lookout for prohibited transactions that may or should be revealed on the Form 5500 filing.

The Department of Labor filed a lawsuit to restore $7 million to participants in two Wheeling, West Virginia-based retirement plans, following alleged misconduct by plan fiduciaries.

Between some reminiscing about what it was like to be part of shaping and enforcing the Employee Retirement Income Security Act (ERISA) when it was constructed and afterwards,...

What does the new guidance about annuity investments in target-date funds (TDFs) mean for retirement plan sponsors and participants?

Recent guidance from the Internal Revenue Service and the Department of the Treasury on in-plan annuity use has received a warm response from some in the retirement plan...

Recent actions from regulators show a focus on compliance and improved outcomes for participants.

The Department of the Treasury and the Internal Revenue Service have issued guidance designed to expand the use of income annuities in 401(k) plans.