by PC Editorial Staff | Sep 14, 2022 | DOL, EBSA, Employee benefit plans, Employee Benefits Administration, ERISA, Retirement Plans
This week, the U.S. Department of Labor (DOL) announced a settlement in an Employee Retirement Income Security Act of 1974 (ERISA) case where Wells Fargo will pay $131.8 million for ERISA violations. According to the DOL investigation, Wells Fargo, Wells Fargo Bank,...
by PC Editorial Staff | Jun 28, 2022 | Biden Administration, DOL, EBSA, FLSA, OSHA, WHD
On June 21st, 2022, the U.S. Department of Labor (DOL) published its Spring 2022 regulatory agenda as a part of the Biden-Harris administration’s semiannual Unified Agenda of Regulatory and Deregulatory Actions. As required by Executive Order 12866, the...
by PC Editorial Staff | Mar 15, 2022 | cybersecurity, DOL, EBSA, Employee benefit plans, ERISA
The U.S. Department of Labor (DOL) published on March 10th, 2022, guidance urging plan fiduciaries to exercise caution regarding cryptocurrency 401(k) plan options. As plan fiduciaries select investment options for 401(k) plan investment menus, the DOL’s efforts seek...
by PC Editorial Staff | Jan 6, 2022 | DOL, EBSA, Employee benefit plans, ERISA
On December 30th, 2021, the U.S. Department of Labor (DOL) announced an enforcement policy regarding group health plan disclosure requirements. Specifically, the policy pertains to required fee transparency disclosure under the Employee Retirement Income Security Act...
by PC Editorial Staff | Nov 2, 2021 | DOL, EBSA, ERISA, Fiduciary Rule, IRS
The Department of Labor’s (DOL’s) Employee Benefits Security Administration (EBSA) has issued a new prohibited transaction rules policy. Accordingly, Field Assistance Bulletin 2021-02, “Temporary Enforcement Policy on Prohibited Transaction Rules Applicable to...
by Editorial Staff | Apr 20, 2021 | cybersecurity, DOL, EBSA, Retirement Plans
On April 14th, 2021, the Department of Labor (DOL) announced cybersecurity guidance for plan sponsors, fiduciaries, recordkeepers, and plan participants. Specifically, the direction includes best practices for maintaining cybersecurity, including tips on protecting...