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The Path Ahead
Plan sponsors want more fee disclosure, and regulators will likely require it soon. That is both a threat and an opportunity for advisers.
Tag: DoL
DoL Sues ESOP Trustee over Stock Purchase
The U.S. Department of Labor has sued a trustee of the Westra Construction Inc. Employee Stock Ownership Plan (ESOP) for alleged violations of the Employee Retirement Income Security...
DoL Proposes Revamped Investment Advice Rule
The White House today proposed a new rule to implement the exemption for investment advice in the Pension Protection Act (PPA).
regulatory radar
Putting out Fires with Gasoline
The DoL pulls controversial participant investment advice rules—what’s next?
fiduciary fitness
Broadening Your Business
How to deal with the DoL’s campaign against cross-selling
EBSA Offers Form 5500 Guidance for 403(b) Plans
The U. S. Department of Labor’s Employee Benefits Security Administration (EBSA) has issued guidance for 403(b) plans subject to new Form 5500 reporting requirements.
Plan Sponsor Sentenced for 401(k) Theft
A plan sponsor charged with stealing from her company’s 401(k) plan has been sentenced to more than two years in prison.
DoL Posts Six EFAST2 User Guides
The Department of Labor (DoL) has posted on its Web site six EFAST2 user guides to assist with electronically filing Form 5500 for 2009 and later plan years.
DoL Calls for Public Comment about Annuities
As expected, the Obama Administration has issued a request for information (RFI) to gather public comment about whether and how the government should promote lifetime income products in...
DoL Releases Form 5500 Info on Benefit Plans
The U.S. Department of Labor's Employee Benefits Security Administration has released to the public online datasets of Form 5500 annual report/returns for approximately 800,000 retirement, health, and other...
White House Unveils Retirement Initiatives
The Obama Administration on Monday released retirement initiatives, including establishing automatic individual retirement accounts (IRAs), simplifying and expanding the Saver's Credit, and updating 401(k) regulations to increase transparency.
Bankruptcy Doesn’t Relieve Plan of ERISA Mandates
A Department of Labor (DoL) administrative law judge has rejected the appeal by a 401(k) plan administrator of an $86,500 civil penalty, ruling that bankruptcy did not relieve...
DoL Gives Small Employers Seven Days to Deposit Contributions
The U.S. Department of Labor (DoL) announced the publication of a final rule to protect employee contributions deposited to small pension and welfare benefit plans with fewer than...
EBSA Sues Illinois Transportation Firm over Plan Payments
The U.S. Department of Labor (DoL) has filed suit against the owners of a bankrupt Chicago-area company for diverting their employees’ health care premium payments and 401(k) contributions...
Attorney Admits Lying about Embezzling Retirement Plan Funds
A Savannah, Georgia, attorney has pled guilty to obstruction of justice related to a U.S. Department of Labor (DoL) investigation of the retirement plans of his law firm.
Vick Advisers Barred from ERISA Plans
Michael Vick’s former financial advisers won’t be working with ERISA plans anymore.
EBSA Fiduciary Seminar Comes to Pasadena
Next month employers and plan fiduciaries in the Los Angeles, California area will get a chance to better understand their fiduciary responsibilities.
EBSA: Fee Disclosure Regs Coming
The head of the Department of Labor's Employee Benefits Security Administration (EBSA) said today that the agency plans to release its long-awaited regulation dealing with providers’ fee disclosure...
DoL Set to Issue Annuity Project RFI
In implementing its newly announced initiative to see how it can best facilitate the use of lifetime income investment vehicles in retirement plans, the U.S. Department of Labor...