Browsing Tag
Department of Labor (DOL)
510 posts
The U.S. Department of Labor (DOL) is a cabinet-level federal agency that focuses on the welfare of American workers. It’s responsible for enforcing labor laws, promoting safe working conditions, and ensuring fair employment practices. The DOL also oversees programs related to unemployment benefits, job training, and workplace safety.
ESG Issues Continue to Make Headlines
Groom Law’s George Sepsakos and Jake Eigner describe regulatory and political developments in the ever-shifting environmental, social and governance landscape
‘Groundbreaking’ DOL Advisory Opinion for Citibank Provides ERISA Guidance
Opinion provides a road map for how a plan sponsor may voluntarily establish a program under which it pays expenses for diverse investment managers without being considered fiduciary in nature
ESG Rule Survives Legal Challenge from Red State AGs
Federal judge’s decision Thursday keeps Labor Department’s controversial 2022 rule in force; draws praise from retirement industry voices
New DOL Fiduciary Rule Under OMB Review; Gets Bashed by Insurance Trade Groups
While actual text of proposed fiduciary rule delivered to OMB late Friday won’t be made public for about a month, groups say it “will hurt working families’ ability to save for retirement”
Cassidy Calls on Biden to Withdraw Julie Su’s Nomination as Labor Secretary
Senate HELP Committee Ranking Member introduces legislation to prevent Su from serving as Acting Secretary of Labor indefinitely
DOL Seeks Nominees for 5 Vacancies on 2024 ERISA Advisory Council
Interested parties have until Oct. 23 to apply for a 3-year term on the 15-member board that makes recommendations to Labor Secretary on ERISA matters
Employee Fiduciary Looks to DOL for 401(k) Fee Transparency
In a public letter, Employee Fiduciary requested for improvements to annual fee disclosures that those in participant-directed 401(k) plans receive
Republican Lawmakers Push DOL to Halt Work on Fiduciary Rule
In a new letter to the DOL, Sen. Bill Cassidy (R-LA) and Rep. Virginia Foxx (R-N.C.) asked the DOL to "cease further action" on the fiduciary rule
Federal Judge Sides with DOL on ForUsAll Crypto Complaint
In the dismissal, a district judge ruled that ForUsAll could not prove the DOL's guidance had financially harmed its business
GAO Asks DOL to Focus on 403(b) Plans
The report looks at improvements that Department of Labor could make in supporting ERISA and non-ERISA 403(b) plans