Browsing Tag
Department of Labor (DOL)
512 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.
Why 401(k) Committees Need to Take Meeting Minutes
It’s been said that the DOL and courts take the position that “if it wasn’t documented, it didn’t…
Nevada Forges Ahead with a Fiduciary Standard
Several states are moving ahead with (or exploring) a fiduciary standard in light of the federal governments on-again,…
6 New Year’s Resolutions to Avoid 401(k) Fiduciary Frustration
New Year’s resolutions typically don’t stick, but plan sponsors should double their efforts, or it could cost them—dearly.…
Fred Reish: More on What ‘Best Interest’ Really Means (In the Real World)
In my last two posts (Bests No. 9and No. 10), I discussed the definition of the Best Interest standard…
Missing Participants and Fiduciary Responsibilities: A Risk for TPAs
The Department of Labor (DOL) is aggressively investigating the practices and procedures of plan sponsors with respect to…
Labor Secretary Acosta Under Fire for Sweetheart Pedophile Deal
Update per McClatchy: Trump labor secretary out of running for attorney general after Miami Herald report. Labor Secretary Alexander Acosta…
401(k) Filing Relief for California Wildfire Victims
In the wake of the most destructive California wildfire season on record, the Department of Labor (DOL) has…
Fred Reish: What Does ‘Best Interest’ Really Mean?
“Best Interest” has become part of the American lexicon …as an aspirational goal or a demanding standard—depending on…
To-Do: Remind 401(k) Plan Sponsors to…
As the end of the year approaches, advisors may want to remind plan sponsors of deadlines for amending…
DOL Secretary Acosta Trumpets Trump MEP Proposal
Small business retirement plans could expand with a new DOL proposal, making 401(k) options more accessible for millions of workers.