Professional Athlete Sports Agency Is Accused of Retirement Asset Theft
The Department of Labor alleges that a Houston sports agency used retirement assets to operate the company.
Tag: Department of Labor
Plan Sponsors Have Myriad Responsibilities to Protect Against Cyberthreats
Plan sponsors should begin with the Department of Labor’s guidance on cybersecurity, proceed to fill an arsenal of safeguards to...
EBSA Collects $1.4 Billion, Largely from Enforcement, in 2022
More than $500 million of the recoveries returned to defined benefit plan participants.
2023 ERISA Plan Compliance Calendar
A schedule to help plan sponsors track important due dates for their plan
Top Commodity Regulator Raises Cryptocurrency Regulation on Capitol Hill
Cryptocurrency regulation is needed for the broad health of both financial markets and 401(k) investors, the CFTC chief warned senators.
Juniper Agrees to Settle ERISA Suit for $3 million
The network hardware firm agreed to an ERISA settlement totaling $3 million to dismiss claims of fiduciary breach.
DOL Clears Question over Plan Sponsor PEP Member Responsibility for Fidelity Bonds
The department Labor replied with information for the SECURE Act amendments to ERISA that relate to the bonding requirements under...
Products |
Comparative 401(k) Tool Is Released To Public
The analytics tool is now available to plan providers, plan sponsors and plan participants.
Crypto Advocate ForUsAll Would Drop DOL Suit if Guidance Not Enforced
CEO David Ramirez says the firm will drop its lawsuit against the DOL so long as the agency confirms its...
Callan: DC Plan ESG Use Drops in ’22 On Backlash, Rule Confusion
A potential backlash on ESG investing along with confusion over DOL guidance led to a 14% drop in ESG implementation...
Ohio Bricklayers Pension Fund Gets PBGC Bailout
The union plan had been severely underfunded for over a year but can now meet its liabilities to nearly 400...
Benefits |
Aon PEP Passes Assets Milestone
Aon has accumulated $1billion in plan assets and commitments since it launched the pooled employer plan.
How Plan Sponsors Can Combat Cybercrime
A panel hosted by the National Institute on Retirement Security explained that all pension plans are at increased risk, especially...
What Would a Government Shutdown Mean for the DOL?
The Department of Labor would be able to sustain services deemed essential, as well as those that receive forms of...
DOL Recovers Millions for Wells Fargo Plan Participants
A settlement has been reached after an Employee Benefits Security Administration investigation.
ERISA’s 48th Anniversary Passes Without a Senate Vote on EBSA Head
Despite push from HELP Committee Chairwoman Patty Murray, Lisa Gomez’s nomination as assistant secretary of labor remains in limbo.
Senators Press Fidelity on Bitcoin Exposure
In a letter, the Senators question why Fidelity would allow retirement plan participants to be exposed to the ‘untested, highly...
Are Retirement Plan Sponsors Still Required to File Form 8955-SSA?
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Department of Labor Open to Crypto Rule for Retirement Plans
Secretary of Labor Marty Walsh also testified in Congress that President Joe Biden’s budget must be implemented to protect workers’...
PSNC 2022: Plan Sponsor Cybersecurity Responsibilities
Experts discussed what procedures plan sponsors can put in place and how to encourage participants to do their part in...