DOL

Regulatory and Legislative

ESOP Proposed Rule on Hold

A proposed rule and class exemption issued by the Department of Labor’s Employee Benefits Security Administration providing guidance on ESOP transactions has been withdrawn from publication. 

January 21 2025

Regulatory and Legislative

EBSA Releases ESOP Guidance Under SECURE 2.0

The Department of Labor’s Employee Benefits Security Administration has issued a proposed rule and class exemption for shares to be acquired by an ESOP pursuant to SECURE 2.0.

January 16 2025

Regulatory and Legislative

DOL Issues Guidance on Missing Participant Small Balances

The Department of Labor has released Field Assistance Bulletin 2025-01 providing guidance regarding the treatment of small balances of retirement plan missing participants and beneficiaries.

January 15 2025

Regulatory and Legislative

DOL Announces 2025 Inflation Adjustments for Civil Penalties

The Department of Labor has published in the Federal Register several inflation-adjusted penalty amounts for certain failures associated with qualified retirement plans.

January 08 2025

Regulatory and Legislative

DOL Final Rule Updating VFCP Has Left OMB

Department of Labor guidance titled “Adoption of Amended and Restated Voluntary Fiduciary Correction Program” has left the Office of Management and Budget.

December 30 2024

Regulatory and Legislative

Prime Interest Rate Decreased to 7.5 Percent

Effective December 18, 2024, the prime interest rate decreased to 7.50 percent.

December 19 2024

Regulatory and Legislative

DOL’s Final Restated Voluntary Fiduciary Correction Program at OMB

The Office of Management and Budget has received a final rule from the Department of Labor titled “Adoption of Amended and Restated Voluntary Fiduciary Correction Program”.

November 22 2024

Regulatory and Legislative

DOL Announces Start of the Lost and Found Information Collection

The Department of Labor has announced the start of a voluntary information collection to establish and maintain the Retirement Savings Lost and Found database.

November 19 2024

Regulatory and Legislative

Prime Interest Rate Decreased to 7.75 Percent

Effective November 8, 2024, the prime interest rate decreased to 7.75 percent.

November 08 2024

Regulatory and Legislative

DOL Provides Additional Relief for Participants Impacted by Helene and Milton

The Department of Labor has issued additional guidance and further relief for participants of employee benefit plans affected by Hurricanes Helene and Milton.

November 08 2024
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