News & Analysis as of

Retirement Plan › Department of Labor (DOL) › Government Accountability Office

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

DOL has always dropped the ball on disclosure

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on

The Government Accountability Office (GAO) has found that 45% of plan participants are not able to use the information given in fee disclosures to determine the cost of their investment fee, and 41% of participants...more

Poyner Spruill LLP

Plan Cybersecurity Guidance: DOL Enforcement Warrants Plan Sponsor Action

Poyner Spruill LLP on

Benefit plan sponsors and plan fiduciaries should take note and act quickly—the Department of Labor (DOL) has issued a new cybersecurity guidance package with far-reaching effects and has already begun including this in its...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

DOL provides cybersecurity guidance

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on

The Department of Labor (DOL) has issued guidance for plan sponsors and plan providers that cover best practices for them for maintaining cybersecurity....more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

GAO says DOL has work to do on cybersecurity

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on

The U.S. Government Accountability Office (GAO) asked the Department of Labor (DOL) to step up protections for participants in retirement plans against the growing threat of cyber theft....more

Akin Gump Strauss Hauer & Feld LLP

Department of Labor’s Cybersecurity Guidance for Benefit Plans Signals Increased Scrutiny

Akin Gump Strauss Hauer & Feld LLP on

On April 14, 2021, the Department of Labor (DOL) issued its first set of guidance documents related to the cybersecurity of retirement benefit plans covered by the Employee Retirement Income Security Act (ERISA). The...more

Epstein Becker & Green

EBSA Speaks: New Guidance for Mitigating Retirement Plan Cybersecurity Risk

Epstein Becker & Green on

On April 14, 2021, the U.S. Department of Labor’s (“DOL’s”) Employee Benefits Security Administration (“EBSA”) issued its first cybersecurity best practices guidance for retirement plans. The guidance is set forth in three...more

Akerman LLP - HR Defense

ERISA Plan Sponsors – Watch Your Participants’ Data! DOL Issues New Cybersecurity Guidance for Retirement Plans

Akerman LLP - HR Defense on

In response to a recent General Accounting Office (GAO) report recommending federal guidance to mitigate cybersecurity risks in retirement plans and to respond to ever-increasing cyber threats to plan participant data and...more

Faegre Drinker Biddle & Reath LLP

The GAO Reviews QDROs

Faegre Drinker Biddle & Reath LLP on

In July 2020, the Government Accountability Office (GAO) prepared a report for the Ranking Member of the Senate Committee on Health, Education, Labor and Pensions about Qualified Domestic Relations Orders (QDROs). QDROs are...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

GAO looks at QDROs

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on

I always talk about how plan sponsors need to work with experienced financial advisors, third party administration (TPA) firms, and ERISA attorneys on their plan needs. Like with reasonable fees, I believe that the term...more

King & Spalding

GAO Report on Top Hat Plans Calls for Stricter Oversight by IRS and DOL

King & Spalding on

In response to a request by U.S. Senators Ron Wyden (Oregon), Bernie Sanders (Vermont) and Patty Murray (Washington), the Government Accountability Office (“GAO”) earlier this year completed a study and published a report...more

Benesch

Perspectives - September/October 2015

Benesch on

In a decision in which no opinion commanded a majority, the Ohio Supreme Court sided with a private entity — a charter school operator — in a dispute over the ownership of personal property purchased by the operator with...more

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