Browsing Tag
Department of Labor (DOL)
478 posts
DOL Sues Defunct Maryland Biz for Unremitted 401(k) Contributions
Co-owner fiduciaries of computer forensics firm failed to remit $44,000 to plan over five years
DOL Unveils Latest Independent Contractor Rule
The DOL says its new final rule would combat employee misclassification, while financial services orgs voice skepticism
More Older Participants Favor DOL Best Interest Rule
66% of participants say they would not vote for a member of Congress who would try to overturn the department's controversial fiduciary rule
Fiduciary Comments Hit 16k as DOL Releases Hearing Transcripts
The Department of Labor sees an influx of comments on the proposed rulemaking, as the federal agency issues transcriptions on early December hearings
2023 Form 5500: Updated Informational Copies Now Available Online
Several changes stemming from SECURE Act included in 2023 Form 5500 Series annual return, report
House Passes Amendments Blocking DOL Fiduciary Rule
In response, the Biden Administration said the president would veto the bill if it passed the Senate
Fiduciary Rule Comment Period Extension Request Denied
EBSA’s Lisa Gomez tells coalition requesting extension to 60-day comment period that it will not happen; hearing scheduled for Dec. 12-13
Insurance Industry Questions Next Steps for DOL Fiduciary Rule
In light of the Department of Labor's latest fiduciary proposal, critics question whats to come for the insurance industry
House to Vote on Bill Blocking Funding for DOL’s Fiduciary Rule
The spending bill contains three key amendments that would restrict funding to the fiduciary proposal
IRI’s Jason Berkowitz: Why Biden’s Fiduciary Rule Gets it Wrong
The American Retirement Association approves the Department of Labor's latest ERISA fiduciary definition update, while insurers dispute its necessity, labeling it a regulatory overreach on investment advice. Jason Berkowitz from the Insured Retirement Institute outlines significant issues with the proposed ERISA changes, critiquing both the policy and President Biden's recent statements on the retirement sector. Berkowitz examines the five-part test and Prohibited Transaction Exemptions' effects on ERISA fiduciaries, reflecting the lifetime income industry's regulatory stance.