Ambulance Firm Failed to Credit Contributions
The Department of Labor (DOL) says a bankrupt ambulance services company in LaVergne, Tennessee, failed to credit employees’ 401(k) contributions.
Tag: EBSA
DOL Offers Resources for Participants About Fees
The Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) has resources for participants to learn about plan fees.
DOL’s TDF Guidance ‘Mischaracterizes the Market’
Is the Department of Labor (DOL) stepping on toes with its guidance about target-date fund (TDF) selection?
DOL Issues MAP-21 Disclosure Guidance
Defined benefit (DB) plan sponsors have new guidance concerning new disclosure requirements mandated by the Moving Ahead for Progress in the 21st Century Act (MAP-21).
EBSA Offers Tips for Selecting TDFs
The Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) prepared general guidance to assist plan fiduciaries in selecting and monitoring target-date funds (TDFs).
EBSA Hosts Free Small-Business Webcasts
The Department of Labor’s (DOL’s) Employee Benefits Security Administration (EBSA) will host two free webcasts for small-business owners as part of America Saves Week.
DOL Obtains $80M for Sherwin-Williams Participants
The Department of Labor (DOL) has obtained $80 million for participants of Sherwin-Williams’ employee stock purchase and savings plan.
EBSA to Hold Fiduciary Seminar in San Francisco
The Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) is offering its fiduciary responsibilities seminar to small businesses in San Francisco.
DOL Proposes Abandoned Plan Use in Bankruptcy
The Department of Labor’s (DOL’s) Employee Benefits Security Administration (EBSA) proposed a rule to help Chapter 7 bankruptcy trustees distribute retirement plan assets.
Informational Form 5500s Released
Regulators released advance informational copies of the 2012 Form 5500 annual return/report and related instructions.
DOL Investigations of Service Providers
The Department of Labor (DOL) does not only investigate retirement plans, it also investigates service providers.
DOL Says Overvaluing Stock Led to ESOP Losses
The Department of Labor (DOL) filed a lawsuit against GreatBanc Trust Co. and Sierra Aluminum Co., alleging that stock overvaluations led to losses for Employee Stock Ownership Plan...
Plan Trustees Sentenced for Embezzling From 401(k)
Trustees of the Irotas Manufacturing Co. Inc. 401(k) plan have been sentenced for embezzling $487,000 from the plan, and have been ordered to pay restitution.
PANC 2012: The Future for Fiduciary Advisers
The Department of Labor’s (DOL’s) re-proposal of the definition of fiduciary is another indication that fiduciary responsibilities are increasing, and broker/dealers in particular could be impacted.
EBSA Releases 401(k) Fee Disclosure Web Resource
The Employee Benefits Security Administration (EBSA) launched a website that offers information about fee disclosures to help workers with defined contribution (DC) retirement plans.
PANC 2012: What's Happening at the DOL?
Brokerage windows should not be used to sidestep fee disclosure, a source from the Department of Labor (DOL) stressed.
How Well Do You Know Your B/D?
Do you really know how your broker/dealer makes money? If not, it’s time to learn before a Department of Labor (DOL) investigator knocks on your door.
Ill. Company to Restore $2.7M to 401(k)
A.B.D. Tank & Pump Co. in Elmhurst, Illinois, has been ordered to restore $2,767,051 to the company’s retirement plan.
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DOL Issues FAQ for Participant Fee Disclosures
The Department of Labor (DOL) Employee Benefits Security Administration (EBSA) issued frequently asked questions about the requirements of new participant fee disclosure rules.