Predicting a ‘Busy, Active Time’ at the DOL and EBSA
Panelists at PLANSPONSOR National Conference discussed the latest updates on ESG investing, cryptocurrency and the status of including alternative assets...
Tag: EBSA
EBSA Nominee Says He Will End ‘Regulation by Litigation’
Daniel Aronowitz pledged Thursday to reduce litigation and expand retirement benefits and also to end a “war on ESOPs.”
EBSA Budget Request for FY26 Down 5% from FY25
The Pension Benefit Guaranty Corporation, which provides financial assistance to distressed pension plans, also requested a smaller budget at $21.8...
EBSA Head Nomination Hearing Scheduled for June 5
The hearing, for Daniel Aronowitz as assistant secretary of labor for the Employee Benefits Security Administration, was scheduled by the...
What DOL Layoffs Could Portend for EBSA’s Future
Probationary employees and the head of the agency’s division of employee ownership were recently terminated amid President Donald Trump’s efforts...
Daniel Aronowitz Nominated to Head EBSA
President Donald Trump’s nomination of Aronowitz, an expert on fiduciary liability insurance, was received in the Senate on Tuesday.
Education and Workforce Committee Renews Call to Probe EBSA for Alleged ‘Power Abuse’
The committee has once again urged the Department of Labor’s Office of Inspector General to investigate claims that the Employee...
DOL’s Retirement Savings Lost and Found Database Goes Live
The database centralizes information for lost retirement accounts and provides guidance to claim funds.
DOL’s Khawar, Among Architects of New Retirement Fiduciary Rule, To Step Down
The career EBSA official who had been appointed by Biden to principal deputy assistant secretary will be leaving January 20.
Video: Lisa Gomez Discusses Her Exit Strategy
The EBSA head discusses the importance of the DOL continuing to do outreach on retirement savings to participants on the...
DOL Initiates Data Collection to Reunite Workers With Lost Retirement Savings
The Retirement Savings Lost and Found database is expected to go live in December.
DOL Publishes 1st List of Firms Using Qualified Plan Exemptions
The list includes nearly 900 companies as part of the DOL’s finalized amendment to PTE 84-14.
Senate Committee Passes Bill That Would Boost EBSA Funding
The bill differs from a recent House Appropriations Committee proposed budget that would cut funding for the Employee Benefits Security...
House Republican Appropriations Proposal Would Cut EBSA and Block Fiduciary Rule
The budget bill is unlikely to pass in its current form.
DOL’s IB 95-1 Report Calls for Further Review of DB Pension De-Risking
The report from the DOL’s EBSA summarized the concerns of some stakeholders, but makes no recommendations of its own.
SECURE 2.0 Lost and Found Proposal Faces Industry Headwinds
ERIC and SPARK argue that the DOL’s data request goes beyond the intent of the statute and may create participant...
ESOP Appraisal Proposal Expected in Coming Months
EBSA has not, however, set a hard deadline for the much-anticipated proposal.
QDIAs To Receive ERISA Advisory Council Review
The council will study issues related to qualified default investment alternatives and report their findings to EBSA.
IRA to IRA Rollovers Pose Legal Vulnerability for Retirement Security Rule
Legal experts with varying perspectives on the rule agree that DOL likely does not have jurisdiction over IRA to IRA...
PTE 2020-02 and Compensation-Related Conflicts
PTE 2020-02 does not explicitly ban any adviser practices, but does require reasonable conflict mitigation policies regarding compensation.