Expectations from Washington for Retirement Plans
Rich McHugh discusses proposals in Congress and regulator initiatives that will affect the retirement plan industry.
Tag: EBSA
DOL Accuses Firm of Prohibited Retirement Plan Loans
The suit alleges a law firm president and owner caused the company’s retirement plan to loan thousands of dollars to real estate deals he controlled.
Court Orders Payment of Government Contract Retirement Plan Contributions
The DOL alleged that James Brunk and Brunk Industries Inc. failed to collect prevailing wage employer contributions for the employees’ 401(k) plan provided by government contracts for work...
DOL Announces Several Fiduciary Responsibilities Events
The agency is offering its “Getting It Right – Know Your Fiduciary Responsibilities” seminar in five locations.
ESOP Attorney Restricted in Advising Plan Fiduciaries
Johanson agreed to some of the broadest restrictions the department has sought to date on an attorney's ability to advise parties concerning transactions that involve employee benefit plans...
Fiduciary Rule Shows Washington Compromise Can Still Happen
More than a few industry insiders and analysts have tipped their hats to DOL and Labor Secretary Perez for listening carefully to criticism and reshaping some of the...
Early Fiduciary Rule Interpretation from ERISA Experts
ERISA experts warn that it will take some time to judge the final fiduciary rule published by the DOL, given the serious length and complexity of the rulemaking...
First Round of Industry Response to Final Fiduciary Rule
Some of the biggest financial services firms and advocacy groups have registered their initial impressions of the Department of Labor’s final fiduciary rule, including FSI, TIAA, FPC and...
Sec. Perez and Department of Labor Unveil Final Fiduciary Rule
Labor Secretary Thomas Perez stressed to reporters that changes made to the proposed version of the regulations will make the final fiduciary standard broader and stronger, “but absolutely...
DOL Secures Fiduciary to Distribute Nearly $1M to Participants
A now-defunct company failed to take the appropriate steps to terminate its 401(k) plan.
Fiduciary Insights from Fidelity Policy Development Leader
As former tax counsel for the U.S. Senate Finance Committee, Fidelity Investments’ Doug Fisher has watched major legislation and regulation unfold from both inside and outside government.
EBSA Wants Feedback on Upcoming Research Effort
The Employee Benefits Security Administration is giving employers and service providers an opportunity to comment on how it collects and processes information, especially as it pertains to a...
DOL Obtains $1.7M for Profit Sharing Plan
Officers of Alliance Home Healthcare illegally distributed assets of the company’s profit sharing plan, a DOL lawsuit claims.
Union Fund Trustees Sued for Multiple Fiduciary Breaches
The International Association of Machinists National Pension Fund and its board of trustees are facing a lawsuit.
DOL Files Suit Over Employer Stock Valuation
The U.S. Labor Department filed a lawsuit against a Florida employer accused of imprudence in the valuation and sale of the company’s stock to its own employees.
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