Browsing Tag
Department of Labor (DOL)
519 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.
Secretary Acosta’s Fiduciary Rules, Resignation and Future
Secretary of Labor Alexander Acosta announced his resignation Friday amid criticism of actions taken in a sex-crimes case…
How to Address the (Major) Risks of Proprietary Funds in 401(k)s
A study by the Center for Retirement Research at Boston College in May 2018[1] found that over 40…
Massachusetts Regulator Proposes Fiduciary Rule
Frequent SEC Reg BI critic William Galvin, Secretary of the Commonwealth of Massachusetts, announced Friday that his Securities…
Open MEPs Could Boom if SECURE Act Passes
If the SECURE Act passes, the provision that would allow open Multiple Employer Plans (MEPs) could be a game-changer for the retirement plan industry.
SEC Votes to Adopt Controversial ‘Reg BI’
The Securities and Exchange Commission voted on Wednesday to adopt Regulation Best Interest, its high-profile and controversial “package…
Date Set for 401(k) Fiduciary Rule Reboot
The Department of Labor has set a date for a new fiduciary rule push (officially the “Conflict of…
Acosta Hints at Fiduciary Rule Future in Tense Hearing
Acosta House testimony covers labor budget, priorities, and fiduciary protections during tense exchange with Rep. Marcia Fudge.
Hedge Fund in DOL Hotseat Over Retirement Plan Assets
Hedge fund pension assets face scrutiny as Alden Global Capital comes under Department of Labor investigation.
DOL: 401(k) Plan Fiduciaries MUST Find Missing Participants
DOL MEP regulations focus on missing participants, disclosures, and rules to improve recordkeeping and protect retirement plan members.
EBSA Monetary Recoveries Significantly Increase
The Department of Labor (DOL) releases statistics regarding their actions as well as a strategic plan for enforcement for the coming year.