Tag: DoL

Former EBSA Secretary Questions Fiduciary Proposal

The former Assistant Secretary of the Department of Labor’s (DoL) Employee Benefit Security Administration (EBSA) said the fiduciary definition proposal by the DoL is addressing issues already addressed in recently issued fee disclosure regulations.

DoL Broadens Fiduciary Net

For the first time in a generation, the Labor Department has taken another crack at the definition of a fiduciary under the Employee Retirement Income Security Act (ERISA).

 

DoL Urges Unisys Fee Case Reversal

A federal judge in Pennsylvania made a mistake when he threw out a 401(k) excessive fee case against Unisys Corporation and Fidelity Management Trust Company, the Department of Labor (DoL) contends in court papers.

ASPPA Calls for 5500 Deadline Extension

Even though the U.S. Department of Labor (DoL) has already turned down a similar request, The American Society of Pension Professionals & Actuaries (ASPPA) has also asked for more time to file Form 5500s for the 2009 plan year.

DoL Sues CA Firm over Diverted 401(k) Funds

The U.S. Department of Labor (DoL) has charged that a Laguna Hills, California, firm diverted more than $920,000 in employee and employer contributions owed to the company’s 401(k) plan.

Clear Messages Given at DoL/Treasury Hearings

Forty-five companies and interest groups representing the retirement industry testified before the Department of Labor (DoL) and the U.S. Treasury yesterday and today to discuss lifetime income options.

EBSA Schedules Florida Benefits Seminar

The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) is offering a free workshop for employee benefit plan professionals, including clients of plan service providers.