Former Pension Fund Trustee to Pay $462K for Embezzlement
The trustee embezzled approximately $186,123.93 from the plan, as well as knowingly and willingly failed to file a required annual...
Tag: DOL
2020 ERISA Plan Compliance Calendar
A schedule to help plan sponsors track important due dates for their plan
Opinions |
Barry’s Pickings: Retirement Policy 2019 Report Card: B+/A-
Michael Barry, president of O3 Plan Advisory Services LLC, rates how actions of Congress, regulators and the courts have or...
Tips on How to Find Missing Participants
Failure to find missing participants could disqualify a retirement plan under the tax code and lead to breaches of the...
Warren Asks DOL Secretary Not to Mimic Reg BI
The Democratic presidential candidate fears the DOL is considering a fiduciary rule that would permit advisers providing advice on retirement...
DOL Enforcement Efforts Are Wide-Ranging
While the DOL’s Employee Benefit Security Administration is diligent in protecting employees’ benefits, plan sponsors can also turn to it...
E-Delivery Proposal Could be Improved, Stakeholders Say
While the retirement plan industry has reacted positively to a DOL proposal to make default e-delivery of plan documents the...
403(b) Plan Fiduciaries Ordered to Restore Assets to Plan
A mental health services provider, with its tax-exempt status revoked, was sued by the DOL for failing to remit employee...
Information Copies of 2019 Form 5500 Published by DOL
Among other notable changes, the Form 5500’s Line 23 has been revised to eliminate mortality table options that are not...
Reducing the Risk of ESOP Investigations and Litigation
An NCEO report provides details about DOL investigations and litigation against ESOPs and provides considerations for ESOP valuations.
Executive Orders May Impact Retirement Plan Guidance
Attorneys explain that one order attempts to limit the force and effect of sub-regulatory guidance and the other would limit...
What’s With All the Hype About the EBSA Reorganization?
The reorganization of the DOL’s Employee Benefits Security Administration may be good news for the retirement plan community.
Court Orders ESOP Fiduciary to Complete Fiduciary Training
This is in addition to $454,545 in restitution to the plan, paid by the company and its employee stock ownership...
Criticism of DOL E-Delivery Proposal Misses the Mark, Experts Say
“We think there will be cost savings from e-delivery and that these cost savings will be passed on to individual...
Eugene Scalia Wins Senate Confirmation as DOL Secretary
The new Labor Secretary is known for his previous work at the Department of Labor and for a successful litigation...
DOL to Host Webcast About HRAs
The Department of Labor (DOL) and the IRS will discuss the benefits of offering expanded options provided by new health...
Court Orders Fiduciaries to Restore $6.5 Million to ESOP
The court found as a fiduciary to the ESOP, Evolve Bank failed to notice, question or investigate several red flags...
Opinions |
Barry’s Pickings: Eugene Scalia as Secretary of Labor
Michael Barry, president of O3 Plan Advisory Services LLC, reflects on the Department of Labor’s regulatory agenda under former Secretary...
The Retirement Industry Needs a Top Cop’s Guidance
All of the President’s cabinet secretaries have substantial authority to promulgate, interpret and enforce regulations. The DOL Secretary, in particular,...
DOL Offers Relief to MEPs That Did Not File Correct Form 5500s
The Department of Labor (DOL) found more than 100 multiple employer plans (MEPs) in violation of a requirement to include...