DOL Collected Almost $600 Million in 2014 Enforcement Actions
The Department of Labor’s Employee Benefits Security Administration says it restored over $599.7 million to employee benefit plans and participants...
Tag: EBSA
DOL Investigating RadioShack 401(k) Plan
An SEC filing reveals that RadioShack is facing several lawsuits over the company stock investment offering in its 401(k) plan,...
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Segal Offers Compliance Calendars for Plan Sponsors
The Segal Company’s calendars for the new year detail reporting requirements for single-employer and multiemployer plans.
Administration Looks to Improve Health Benefit Comparisons
Proposed rules from a number of federal regulators significantly streamline the Summary of Benefits and Coverage form while including an...
EBSA Proposes Amendments to Excepted Benefits Rules
The Department of Labor’s Employee Benefits Security Administration (EBSA) and the Internal Revenue Service have proposed additional amendments to excepted...
Fiduciaries of Fake Union Plan Ordered to Pay $4.7M
A court determined the fake Professional Industrial Trade Workers Union was a front for a scheme to operate a purported,...
Judge Orders Fee Case Evidence Be Given to DOL
A federal district court has approved the Department of Labor’s motion to intervene in a 401(k) excessive fee case.
EBSA Issues Temporary Exemption for Credit Suisse
Credit Suisse AG has received temporary approval to continue acting as a qualified professional asset manager (QPAM), after pleading guilty...
DOL Secures $2M in Health Benefit Restorations in Atlanta
The U.S. Department of Labor has secured a nearly $2 million voluntary correction by Cox Enterprises Inc. after the Atlanta,...
DOL Files $7M Improper Investment Suit
The Department of Labor filed a lawsuit to restore $7 million to participants in two Wheeling, West Virginia-based retirement plans,...
Regulators Doing More to Ensure Plan Compliance, Outcomes
October 27, 2014 (PLANSPONSOR.com) – Recent actions from regulators show a focus on compliance and improved outcomes for participants.
EBSA to Discuss Small Business Retirement Plan Options
July 29, 2014 (PLANSPONSOR.com) – The Department of Labor’s Employee Benefits Security Administration (EBSA) will conduct a webcast for small...
EBSA Schedules Health Benefits Seminars
July 24, 2014 (PLANSPONSOR.com) – The Department of Labor's Employee Benefits Security Administration (EBSA) announced that there will be two...
Iowa Investment Adviser Restores Funds to Pension Plans
April 14, 2014 (PLANSPONSOR.com) – Investment adviser Donald Gene DeWaay Jr., based in Johnston, Iowa, has paid $341,487 to 68...
DOL Says 401(k) Trustee Failed to Perform Duties
March 28, 2014 (PLANSPONSOR.com) – The Department of Labor (DOL) has filed a lawsuit to remove and replace a 401(k)...
Congressional Hispanic Caucus Weighs in on Fiduciary Rules
March 12, 2013 (PLANSPONSOR.com) – A group of 26 members of the U.S. House of Representatives, known as the Congressional...
DOL Proposes Service Provider Fee Guides
March 11, 2014 (PLANSPONSOR.com) – The U.S. Department of Labor is seeking public comments about a proposed revision to fee...
DOL Acts to Distribute Terminated Plan Assets
February 14, 2014 (PLANSPONSOR.com) – The Department of Labor (DOL) has received a consent judgment and order allowing it to...
Time to End Complacency About Plan Errors
February 11, 2014 (PLANSPONSOR.com) – More defined contribution retirement plans are out of compliance with Department of Labor (DOL) and...
(b)lines Ask the Experts – Allocating Investment Fund Settlement Checks
February 11, 2014 (PLANSPONSOR (b)lines) – “Our plan recently received a Securities and Exchange Commission (SEC) settlement check for approximately...