Browsing Tag
Employee Benefits Security Administration (EBSA)
94 posts
Walberg Calls for DOL to ‘Rescind or Withdraw’ Fiduciary Rule
Chairman of House Committee on Education and Workforce urges new Labor Secretary to kill controversial rule in March 19 letter
Trump EBSA Nominee Aronowitz a Stern Critic of Frivolous ERISA Litigation
President taps Encore Fiduciary’s Daniel Aronowitz to succeed Lisa Gomez in key ERISA-policing role
Trump Executive Order Means Any New DOL Regulation Requires Elimination of 10 Existing Ones
Trump’s “Unleashing Prosperity through Deregulation” executive order calls for any federal agency promulgating a new rule, regulation, or guidance to identify at least 10 existing ones to be repealed
House Committee Urges DOL IG to Investigate EBSA
The request comes after former Chairwoman Virginia Foxx urged the agency to investigate the use of common interest agreements with law firms
EBSA Recovers Nearly $1.4B for Employee Benefit Plans, Participants
Vast majority of FY 2024 recoveries come from enforcement actions and informal complaint resolutions; total is $51 million less than FY 2023
Proposed Rule to Help Fiduciaries Properly Value Employer Stock in ESOPs
DOL proposed regulation provides guidance for fiduciaries to ensure employer stock bought, sold by employer stock ownership plans is at fair market value
DOL Updates Voluntary Fiduciary Correction Program
Improvements including new self-correction tool help employers, plan officials comply with ERISA and protect workers’ benefits
DOL Announces Enforcement Relief for Missing Participants
New policy offers plan fiduciaries option for handling small payments when beneficiary cannot be located
DOL Appoints 5 to 2025 ERISA Advisory Council
Leadership also announced as Mayoung Nham will continue to serve as Council Chair and Anusha Rasalingam will serve as Vice Chair in 2025
Informational Copies of 2024 Form 5500 Now Available
EBSA joins IRS, Pension Benefit Guaranty Corp. in releasing informational copies and instructions online