DOL Issues “Supplemental Statement” to 2020 Information Letter
The Department of Labor’s Employee Benefit Security Administration (EBSA) has issued a supplemental statement to a June 2020 Information Letter.
DOL Announces New Temporary Enforcement Policy
The DOL has extended the transitional relief under FAB 2018-02 and provided additional temporary non-enforcement guidance related to specific provisions of PTE 2020-02 in FAB 2021-02.
DOL Flips Script with ESG Proposal
The Department of Labor (DOL) has issued a proposed rule, “Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights.”
Executive Order Includes Review of ESG Factors
Last week, President Biden issued an Executive Order on Climate-Related Financial Risk.
DOL Releases Additional Investment Advice Guidance
This latest DOL guidance package presents helpful information in a more understandable format.
Department of Labor Releases Cybersecurity Guidance
On April 14, the DOL’s (EBSA) issued—for the first time—guidance on best practices for maintaining cybersecurity.
Additional Prohibited Transaction Exemption Guidance
The Department of Labor (DOL) has issued two pieces of guidance on its new fiduciary advice prohibited transaction exemption, PTE 2020-02.
DOL Releases Cybersecurity Guidance for Plan Sponsors
The DOL’s Employee Benefits Security Administration today released a three-part guidance package on cybersecurity for plan sponsors, plan fiduciaries, service providers, and participants.
DOL Announces Non-Enforcement of ESG and Proxy Rules
The Department of Labor (DOL) has issued a statement that it will not enforce two final rules that were issued late in 2020.
Missing Participants: Prevention is the Best Cure
Unfortunately, many employers don’t consider how to handle missing participants’ account balances or how to prevent losing track of participants in the first place.
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