Employee Convicted of Embezzling $120K from 401(k) Plan
A former office manager of New England Anesthesiologists, Inc. has been sentenced to 37 months in federal prison and to...
Tag: DOL
Opinions |
Barry’s Pickings: The DOL Slow Walk
Michael Barry, president of the Plan Advisory Services Group, discusses the efforts—or lack thereof—of the Trump DOL regarding the fiduciary...
Court Orders Plan Fiduciaries to Restore Losses for Misusing Plan Assets
The Department of Labor found fiduciaries failed to remit salary deferrals and loan repayments and withdrew assets from the plan...
Reports Suggest Massive Fraud in DOL Fiduciary Rule Commentary Process
So far, reporting seems to suggest that the numerous fraudulent comments submitted to DOL regarding the fiduciary rule were done...
New EBSA Leader Preston Rutledge Takes Up Trump Agenda
Following news of Preston Rutledge’s approval by the full Senate to head the Employee Benefits Security Administration, several retirement industry...
Multiemployer Plan Fund Manager Sentenced for Fund Theft
In addition to being barred as serving as a fiduciary for five years, the fund manager is ordered to make...
EBSA Nominee Rutledge Advances Through Senate Help Committee
Preston Rutledge seems to be enjoying relatively little opposition as he moves closer to becoming the Assistant Secretary of Labor...
Experts Push for Sponsor Courage When Offering In-Plan Lifetime Income
DOL leadership has stated explicitly that investments with lifetime income elements can be a prudent investment option in DC plans,...
Regulators Announce Modifications to Form 5500
IRS compliance questions have been removed from the form.
Democrats Pledge to Protect Union Pensions
House and Senate Democrats hope to pass legislation to “put union pension plans back on solid footing,” but their bicameral...
Fiduciaries of MEWA Barred for Failing to Pay Medical Claims
Employer and employee contributions to the multiple employer welfare arrangement were found in offshore Bermuda accounts.
Court Supports Waiver of ERISA Statute of Limitations
The 11th Circuit ultimately ruled that it is common sense to conclude that since a litigant can renounce his most...
DOL Fiduciary Rule Enforcement Delay Under Review at OMB
Until the final rule’s publication in the Federal Register, the exact details and length of the second enforcement delay will...
Trump Eying Top Aide to Sen. Hatch for Lead EBSA Role
The future head of EBSA would play a substantial role in the fate of the fiduciary rule.
The Thrust of Fiduciary Liability Insurance
In a world of heightened plan sponsor scrutiny, fiduciary liability insurance can be a powerful tool.
Providers Remain Uncertain Amid Tense Legislative Session
The list of regulatory and legislative challenges affecting employers and their retirement plan consultants can seem endless, and when linked...
Embracing In-Plan Annuities
Specific policy changes and plan sponsor initiatives can make guaranteed lifetime income a norm in the DC plan space, TIAA...
IRS Relaxes Loan, Hardship Rules for Hurricane Irma Victims
The PBGC and DOL also are providing relief similar to that provided to Hurricane Harvey victims.
Opinions |
Barry’s Pickings Online: A Parade of the Ridiculous
Michael Barry, president of the Plan Advisory Services Group, discusses possible implications of the DOL fiduciary rule and how the...