The Department of Labor (DOL) issued guidance earlier this month that will affect defined benefit plans’ annual funding notices. The annual funding notice requirements were amended by SECURE 2.0 and are effective for plan...more
4/23/2025
/ Amended Regulation ,
Defined Benefit Plans ,
Department of Labor (DOL) ,
Employee Benefits ,
Filing Deadlines ,
Multiemployer Plan ,
New Guidance ,
Notice Requirements ,
Pensions ,
Regulatory Requirements ,
Retirement Plan ,
SECURE Act
The U.S. Department of Labor (DOL) issued a revised Voluntary Fiduciary Compliance Program (VFCP), a long-awaited update by many in the industry. The most significant change is the introduction of a self-correction component,...more
1/16/2025
/ 401k ,
Benefit Plan Sponsors ,
Compliance ,
Deferral Standard ,
Department of Labor (DOL) ,
EBSA ,
Employee Benefits ,
Fiduciary Duty ,
Reporting Requirements ,
Retirement Plan ,
Voluntary Correction Program
We have noticed an increasing number of employers reaching out with questions about whether they should have their defined contribution plan join the auto-portability network. ...more
In a recent court ruling, the US Department of Labor (DOL) prevailed against corporate directors and shareholders for claims related to an Employee Stock Ownership Plan (ESOP) transaction. ...more
11/4/2024
/ Appraisal ,
Board of Directors ,
Business Valuations ,
Controlling Person ,
Corporate Officers ,
Department of Labor (DOL) ,
Employee Retirement Income Security Act (ERISA) ,
ESOP ,
Fair Market Value ,
Fiduciary Duty ,
Shareholders ,
Valuation
A question that almost always arises when we consult on correcting retirement plan errors is, “Can we use the DOL (Department of Labor) calculator to determine earnings?” Compared to the alternatives, the DOL calculator...more