The U.S. Department of Labor (“DOL”) recently released an Information Letter (“IL”), dated December 22, 2016, addressing default investment options in plans covered by ERISA. As background, many individual account retirement plans (e.g., 401(k) plans) provide that if a participant fails to designate how his or her account is invested, then his or her […]
On June 30, the U.S. Department of Labor (“DOL”) published final regulations mandating, among other things, increases in certain civil monetary penalties administered by the DOL to enforce Title I of ERISA. These increases will be effective for penalties assessed after August 1, 2016, if associated violations occurred after November 2, 2015. Penalty increases […]
Upcoming Speaking Engagement Thursday, June 30, 2016 11:30a.m. – 1:00p.m. Strategies Capital Management 1900 Wazee Street, Suite 1535, Denver 80202 On Thursday, June 30 from 11:30a.m. – 1:00 p.m., I will present at the downtown Denver office of Strategies Capital Management, during a lunch seminar regarding the DOL’s new fiduciary rules, including topics such as: “Fiduciary […]
As the U.S. Department of Labor (“DOL”) continues its enforcement activity, here is a list of several of its ERISA cases that were recently decided: Perez v. Rose (U.S. Bankruptcy Court for the Eastern District of Michigan): The defendant, a plan fiduciary to a 401(k) plan, a health plan, and a dental plan, failed to […]