Tag: Department of Labor (DOL)

The U.S. Department of Labor (DoL) obtained a default judgment from the federal district court in Minneapolis allowing it to distribute $1.35 million from the defunct Northland...

The U.S. Department of Labor (DoL) has filed a complaint in federal court seeking to restore $436,322.07 to two benefit plans of Columbus-based Clark Graphics.

The U.S. Department of Labor has sued an Alabama medical office and the physician who owns it for using profit sharing plan assets to fund the business.

The U.S. Department of Labor has filed a complaint in federal court against A.B.D. Tank & Pump Co. and Keith Davis, its president and owner, to restore more...

ASPPA is urging the Department of Labor to modify its Voluntary Fiduciary Correction Program, as it applies to late deposits of elective deferrals under ERISA.

Attendees at the PLANADVISER National Conference benefited from the presence of Michael L. Davis, Deputy Assistant Secretary, U.S. Department of Labor, discussing the status of retirement plan...

Industry professionals, associations, and lawmakers are applauding the Labor Department’s decision to reevaluate its proposed changes to the definition of a fiduciary.

The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) will re-propose its rule on the definition of a fiduciary.

The U.S. Department of Labor held a Webcast earlier this week to summarize its final fee disclosure regulations and answer questions on the rules.

The U.S. Department of Labor’s Employee Benefit Security Administration (EBSA) is hosting a Webcast to discuss the final rule on improving the transparency of fees and expenses for...

The U.S. Department of Labor has sued trustees of a benefit fund for violating the Employee Retirement Income Security Act (ERISA) regarding loans issued from the fund.

The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have requested comments from the public to assist in conducting a joint study on stable...

The fiduciary exception to the attorney-client privilege rule extends to plan administration between an ERISA trustee and a plan attorney, the 4th U.S. Circuit Court of Appeals has...

The U.S. Department of Labor’s Employee Benefits Security Administration will host a Webcast on August 24 to inform plan sponsors and service providers about the EBSA enforcement program,...

U.S. Secretary of Labor Hilda L. Solis is asking an appellate court to uphold a district court's decision refusing to dismiss a claim that SunTrust plan fiduciaries...

In light of recent statements regarding its position on the proposed definition of fiduciary regulation, the American Society of Pension Professionals & Actuaries (ASPPA) reiterated its support of...

Legislators have suggested that the U.S. Department of Labor re-propose its change to the definition of fiduciary and include more economic analysis.

Phyllis Borzi, Assistant Secretary of Labor of EBSA, told legislators it is imperative that impartial investment advice be accessible and affordable to retirement plan sponsors and participants.

In my experience, there are three major reasons that people save for retirement.   

In a letter to Congress, the Pension Rights Center urged legislators to support the Department of Labor’s proposed regulation to alter the definition of the term "fiduciary” under...