DOL Backs Morgan Stanley, Says Deferred Pay Is Exempt from ERISA
The Department of Labor decided that Morgan Stanley's deferred compensation program is a bonus, rather than a pension plan subject...
Tag: Department of Labor (DOL)
DOL Will Replace Biden-Era Independent Contractor Rule
The agency has not been enforcing the 2024 rule and will consider a new one, using pre-2024 standards in the...
Industry Groups Press DOL for Firm Rules on Private Investments in DC Plans
Last month, President Donald Trump's executive order gave the Department of Labor six months to provide its regulatory agenda.
DOL Agenda Commits to Replacing ESG, Fiduciary Rules
The U.S. Department of Labor released 150 regulatory proposals, including reversals of Biden-era Environmental, Social and Governance rules and the...
House Appropriations Bill Seeks DOL, EBSA Budget Cuts
The subcommittee's fiscal year 2026 spending bill would trim the Department of Labor's budget by 28% and the Employee Benefits...
DOL to Stop Issuing, Accepting Paper Checks
Starting on September 30, the Department of Labor will transition to paperless checks, according to a notice published in the...
GOP Senators Ask for Safe Harbor for Alternative Investments in DC Plans
The senators wrote Labor Secretary Lori Chavez-DeRemer that plan fiduciaries need ‘critical safe harbor protections’ from ‘frivolous lawsuits.’
DOL Wants to Pause Fiduciary Rule Case Through October
The Department of Labor asked for an extension through October to consider its options in a federal case challenging the...
Will DOL Issue Safe Harbor Guidance for Alternative Investments?
The Department of Labor swiftly rescinded a 2021 letter questioning private investments in 401(k) plans, but DOL officials have not...
District Court Denies Bank of America’s Motion to Dismiss 401(k) Forfeitures Case
U.S. District Judge Max Cogburn Jr. rejected Bank of America’s argument that its decisions were made in a “settlor capacity”...
DOL Backs Down from Safe Harbor Repeal
‘Significant adverse comments’ led to the Department of Labor's decision to not repeal protections offered in the Pension Protection Act...
DOL Revokes Biden-Era Warning About Alternative Investments in 401(k) Plans
Department of Labor officials said the 2021 statement had a ‘chilling effect’ for saying that plan fiduciaries were ‘not likely...
IRI Urges New Jersey to Keep Advisers, Broker/Dealers ‘Independent’
The Garden State has proposed labeling investment advisers and broker/dealers ‘employees’ rather than ‘independent contractors.’
DOL Says Citi’s Diverse Asset Manager Program is Unlawful
The Department of Labor said the guidance no longer reflects its views, rescinding a 2023 advisory opinion approving the Citi...
DOL Files Amicus Brief in Support of Companies in 401(k) Plan Forfeiture Complaints
In filing an amicus brief to an appeal involving HP Inc., the Department of Labor offered guidance on an issue...
District Court Sides With Challenges to DOL’s Fiduciary Standards
A judge struck down parts of Prohibited Transaction Exemption 2020-02 that allowed the Department of Labor to treat certain relationships...
DOL Submits Request for Information About PEPs to OMB
The request, made July 1, indicates the Department of Labor is preparing PEP-related reports, per provisions in the SECURE and...
Democratic Senators Urge DOL to Reconsider Elimination of 401(k) Plan Crypto Guidance
In a letter, four Senators expressed concern that rescinding the 2022 guidance removes essential protections for American workers’ retirement savings.
ERISA Advisory Council Releases QDIA Recommendations to DOL
The report was released after Democrats in Congress raised concerns about the council’s future, as it has not met since...
Predicting a ‘Busy, Active Time’ at the DOL and EBSA
Panelists at PLANSPONSOR National Conference discussed the latest updates on ESG investing, cryptocurrency and the status of including alternative assets...