The long saga of the U.S. Department of Labor’s (DoL) hotly debated investment advice rule took another twist today when the DoL’s Employee Benefits Security Administration (EBSA) announced the controversial final rule is being withdrawn.
The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) announced Monday that it is giving itself until May 17, 2010, to develop a new version of its final investment advice rule.
About a week ago, Caterpillar agreed to a $16.5 million settlement of one of those allegedly excessive fee/revenue-sharing lawsuits.
Plan sponsors (and “plan professionals,” including advisers) looking to bone up on the new Form 5500 will have another chance to do so online.
The Department of Labor's Employee Benefits Security Administration (EBSA) has issued additional guidance in response to questions from plans and service providers on the requirements for reporting service provider fees and other compensation on Schedule C of Form 5500.
I am admittedly something of a pension (and regulatory) geek, but when the SunAmerica Opinion was published (December 2001), it was clear that something big had just happened.
Disgraced NFL quarterback Michael D. Vick has agreed to pay $416,461 in restitution to a pension plan sponsored by his company MV7 LLC to settle allegations Vick had funneled off plan assets for his personal use.
Sitting in the audience at the ASPPA/DoL Speaks conference last week, I was reminded just how disruptive it can be to have a new boss.
When it comes to employee benefit plans, there’s a new sheriff in town.
The Department of Labor is killing the final 401(k) investment advice rule under the Pension Protection Act, according to news reports.
A trade group representing retirement services industry providers has recommended the creation of a mandatory standardized 401(k) plan.
Schiff Hardin LLP has announced that former assistant secretary of labor for employee benefits Bradford P. Campbell joined the firm’s Washington, D.C., office in the Employee Benefits and Executive Compensation and ERISA Litigation groups.
House Republican Leader John Boehner (R-Ohio) on Saturday threw his support behind President Barack Obama’s announcement of initiatives to help Americans increase their personal savings.
As the nation turns its attention to the three-day Labor Day weekend, the White House is talking about retirement security.
10 Things You’re (Probably) Doing Wrong—or Not Doing Right—as a Plan Fiduciary (continued).
When it comes to qualified retirement plans, there are three kinds of people: people who are fiduciaries and know it, people who aren’t fiduciaries and know it, and people who are fiduciaries and don’t know it.