Retirement Plan Provider Sues DOL in 401(k) Cryptocurrency Row
A retirement plan provider that championed cryptocurrency for 401(k) plans has brought a lawsuit against the Department of Labor for...
Tag: Department of Labor
Department of Labor Announces Final Form 5500 Changes
The changes to Form 5500 for defined contribution and defined benefit plans are modest.
DOL Removes Credit Rating Requirements From the Evaluation of Certain Investments
The agency’s notice of amendments pertains to prohibited transaction exemptions related to non-convertible debt securities, commercial paper and securities lending...
Opinions |
Key Considerations for the DOL’s Proposed Rule Regarding ESG
Lew Minsky, of DCIIA, offers four considerations for the Department of Labor’s rule about including environmental, social and governance factors...
DOL Seeks Public Comments on Protecting Savings From Climate Change
The agency is looking to identify actions it can take under ERISA and other relevant laws to safeguard employees’ savings...
DOL Announces Enforcement Actions for Abandoned Plan and Missed Contributions
The Department of Labor announced judgments against a pair of plan sponsors to restore employees’ retirement plan contributions after ERISA...
2022 ERISA Plan Compliance Calendar
A schedule to help plan sponsors track important due dates for their plan
Alight Ordered to Comply With DOL Subpoena Related to Cybersecurity Incidents
A Department of Labor investigation was prompted, in part, by its discovery that Alight had processed unauthorized distributions from retirement...
Report Offers Insight on How DOL Gets Leads for Benefit Plan Enforcements
The Employee Benefits Security Administration recovered $2.4 billion for plans, participants and beneficiaries in FY 2021.
Satisfying Electronic Disclosure Requirements for SPDs to New Hires
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
DOL Alleges ESOP Sale Illegally Benefited Plan Fiduciaries and Their Children
The Department of Labor says the plan’s ownership interest was sold for less than market value, effectively transferring the rest...
New Financial Audit Rule Increases Requirements for Plan Sponsors
Plan sponsors will be required to provide much more data, as well as certifications about plan administration and governance, and...
DOL Proposes New Rule on ESG Investing in Retirement Plans
The agency says the proposal seeks to emphasize that climate change and other ESG factors can be financially material and...
Opinions |
Developing a Prudent Process for Cybersecurity
Principals with Groom Law Group discuss steps retirement plan sponsors can take to avoid or be prepared for a DOL...
DOL Urges Recoupment of Uncashed Checks From Prior Recordkeepers
Attorneys from Morgan Lewis suggest plan sponsors proactively reach out to prior providers to find out if there are any...
Opinions |
Cybersecurity for Plan Fiduciaries: Focus on Account Theft
Jeanne Klinefelter Wilson, with Groom Law Group, discusses how to help participants avoid the nightmare of losing their DC plan...
DOL Clarifies Its Stance on Providing Conversation Recordings, Transcripts to Benefit Claimants
The claims regulation referenced in a DOL information letter applies to both health and welfare plans and retirement plans, but...
The DOL Has Begun Retirement Plan Cybersecurity Audits
Attorneys say the requests plan fiduciaries have received ask for a broad amount of information and documentation, and they urge...
Biden Asks DOL to Consider Rescinding Last ESG Rule
The president appears to want to pave the way for more ESG investing in retirement plans.
The DOL’s Cybersecurity Guidance in Practice
Experts share insights about implementing the guidance and warn that plan sponsors can expect investigations from the agency now that...