Browsing Tag
Employee Benefits Security Administration (EBSA)
114 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.
DOL Seeks Nominees for 5 Vacancies on 2024 ERISA Advisory Council
Interested parties have until Oct. 23 to apply for a 3-year term on the 15-member board that makes recommendations to Labor Secretary on ERISA matters
Incoming DOL Fiduciary Rule Slated for August
The DOL's Spring Regulatory Agenda includes a proposal that would amend the regulatory definition of a fiduciary
DOL Prioritizing ESG, New Fiduciary Rule and SECURE 2.0 Projects, Says Gomez
Assistant Secretary of Labor Lisa Gomez touched on the DOL’s priorities in the next year, including a potential upcoming fiduciary rule, enhanced education on ESG factors, and SECURE 2.0
DOL Reopens Comment Period for QPAM Exemption
The DOL says "at least one interested party" may have additional information to provide to the Department
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