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Regulatory and Legislative
DOL Weighs in on Forfeiture Case
The Department of Labor filed an amicus (friend of the court) brief in a case (Hutchins v. HP Inc.).
Regulatory and Legislative
DOL Sends PEP Item to OMB
The Department of Labor has released a prerule item titled “Pooled Employer Plans” (PEPs) to the Office of Management and Budget for review.
Regulatory and Legislative
DOL Launches Opinion Letter Program
The Department of Labor has announced the launch of its opinion letter program.
Regulatory and Legislative
DOL Notice on Information Collection Activities has left OMB
A notice of availability and request for comments on DOL information collection activities has left the Office of Management and Budget.
Regulatory and Legislative
DOL Requests Comments on Alternative Reporting and Disclosure Methods for ‘Top Hat’ Plans
The Department of Labor provides an alternative method of compliance with the rules for reporting and disclosing information under Title I of ERISA for 'top hat' plans.
Regulatory and Legislative
DOL Rescinds 2022 Guidance on Cryptocurrency in 401(k) Plans
The Secretary of Labor has announced that the Department of Labor has rescinded a 2022 compliance release that discouraged fiduciaries from including cryptocurrency options in 401(k) retirement plans.
Regulatory and Legislative
Proposal to Roll Back ESG Investing Introduced in House
Representative Rick Allen (R-GA) has introduced H.R. 2988, the Protecting Prudent Investment of Retirement Savings Act.
Regulatory and Legislative
DOL Provides Guidance for Defined Benefit Annual Funding Notices
The Department of Labor has issued Field Assistance Bulletin 2025-02 and accompanying single employer and multiemployer model notices updating notice requirements for defined benefit plans pursuant to Section 343 of SECURE 2.0.
Regulatory and Legislative
Lori Chavez-DeRemer Confirmed as Secretary of Labor
The Senate on Monday confirmed former Representative Lori Chavez-DeRemer to lead the Department of Labor by a vote of 67-32.
Regulatory and Legislative
DOL Issues Final Amendments to the VFCP
The Department of Labor recently issued a final amendment to the Voluntary Fiduciary Correction Program, incorporating a Self-Correction Component for eligible transactions under the program.