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Department of Labor Proposes New Self-Correction Option for Retirement Plan Prohibited Transactions | Cozen O'Connor

The U.S. Department of Labor (the DOL) has proposed an update to its voluntary fiduciary corrections program that, although very limited, will make it easier for fiduciaries to correct. ....

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SECURE 2.0: Retirement Plan Changes for 2023 | Bradley Arant Boult Cummings LLP

The SECURE 2.0 Act of 2022 was enacted at the end of last year as part of the Consolidated Appropriations Act of 2023. The act sets forth a number of changes affecting retirement plans. ....

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Benefits Counselor – 2022 Year-End - Employee Benefits & Compensation

PBGC published these proposed rules in response to increased litigation over withdrawal liability assessments. ....

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EBSA enforcement recoveries dip sharply in FY 2022

The amount recovered from enforcement actions by the DOL's Employee Benefits Security Administration decreased for the second consecutive year. ....

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401(k) Compliance Check #2: Avoid Trouble By Depositing Employee Contributions on Time! | Foley & Lardner LLP

In last month’s 401(k) Compliance Check, we discussed the importance of ensuring your 401(k) plan’s designated decision-makers are actually authorized to make plan decisions. In this. ....

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