by PC Editorial Staff | Sep 27, 2022 | EBSA, Employee benefit plans, Employee Benefits Administration, ERISA
On September 23rd, 2022, the U.S. Department of Labor (DOL) announced that an international design firm’s fiduciaries would pay $2 million to restore assets to the company retirement plan after investigators found plan asset mismanagement occurred. Investigators...
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 | May 24, 2022 | DOL, Employee benefit plans, Employee Benefits Administration, ERISA, IRS
On May 20th, 2022, the U.S. Department of Labor (DOL), the Internal Revenue Service (IRS), and the Pension Benefit Guaranty Corporation released their final rule on 2022 Form 5500 filing and Form 5500-SF Short Form Annual Return/Report of Employee Benefit Plans. 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 | Mar 8, 2022 | DOL, ERISA, IRS, Retirement Plans, SEC
On March 7th, 2022, the U.S. Department of Labor (DOL) announced amendments to class exemptions in prohibited transaction rules within the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code (IRC). Specifically, the amendments deal...
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...
