Browsing Tag
Employee Benefits Security Administration (EBSA)
110 posts
The Employee Benefits Security Administration (EBSA) is a division of the U.S. Department of Labor responsible for protecting the integrity of private-sector employee benefit plans. It oversees retirement, health, and other welfare benefit plans under the Employee Retirement Income Security Act (ERISA). EBSA enforces compliance, provides guidance, and ensures workers, retirees, and their families receive the benefits they’ve earned.
Tuberville Reestablishes Push for Crypto in 401(k)s
The bill would bar EBSA and the DOL from investigating employers and investment firms using brokerage windows to invest in crypto
ERIC Issues Comments Supporting DOL Proposal on VFCP
The ERISA Industry Committee submitted comments backing the DOL's proposed changes on VFCP, along with recommendations for further improvements
Senate Finally Confirms Lisa Gomez as EBSA Head
The White House first announced in July 2020 that President Biden chose Gomez for the post
Business Owners Owe $2M+ in DOL Fiduciary Breach Case
Department of Labor investigation, litigation result in settlement after Interarch Inc. 401k fiduciaries severely mismanaged plan assets
DOL Needs 5 More Members for 2023 ERISA Advisory Council
Nominations for 15-member board making policy recommendations to Labor Secretary are due by Oct. 3
Department of Labor Recovers $131.8M for Wells Fargo 401(k) Participants
Wells Fargo allegedly used the dividends paid on the preferred shares to defray its obligation to make contributions to the 401k plan
Prison-Bound Financial Advisor Racked Up 37 Complaints in Two Years
Dubious 'achievements' in his young 33 years
DOL Announces Proposed Changes to 401k Asset Management PTE
The industry is changing, and so should the exemption, department says
Senate Rejects EBSA Nominee Lisa Gomez in Close Vote
To complicate matters further, Majority Leader Chuck Schumer voted against the nomination
Form 5500 Changes Announced by Department of Labor
Filings for the 2022 plan year generally are not due until seven months after the end of the plan year