Byline: Sara Hansard WASHINGTON - New default options that the Department of Labor will likely approve for 401k investments will have a "significant'' impact on the way mutual fund assets are invested, independent fund directors were t Byline:...
Employers that now use money-market and stable-value funds as the default investment vehicle for workers automatically enrolled in their 401k plans might have to move to more aggressive instruments if a regulation proposed by the Department of Labor (DOEmployers that now use money-market and stable-value funds as the default investment...
WASHINGTON, April 20 /U.S. Newswire -- The U. S. Department of Labor today announced the publication of final rules and a class exemption that allow financial institutions to take responsibility for abandoned 401k plans and distribute the plans' assets WASHINGTON, April 20 /U.S. Newswire -- The U. S. Department of...
Byline: Doug Halonen WASHINGTON - The Labor Department has put the issue of enhanced 401k fee disclosure on its own agenda, a move that could take some of the wind out of the sails of a legislative threat. The DOL will "soon''...
Byline: Doug Halonen WASHINGTON - The Department of Labor has put the issue of enhanced 401k fee disclosure on its agenda, a move that could take some of the wind out of the sails of a legislative threat. ...
Byline: JUDY GREENWALD Sponsors of 401k plans can expect additional disclosure and reporting requirements for plan-related charges as a result of close scrutiny the issue is receiving from regulators, lawmakers and plaintiff attorneys. The la Byline: JUDY GREENWALD ...
Byline: Sara Hansard WASHINGTON - Congress is getting closer to enacting pension legislation that will make it easier for 401k participants to get investment advice. But lobbyists for financial planners question whether the Department of La Byline: Sara...
Federal regulators have put a human face on advice for workers with self-directed retirement plans. The Department of Labor advisory opinion issued last month should also open the door for independent financial advisers to become more involve Federal...
JERRY GEISEL WASHINGTON - Employers and employees now have a new source of information about the fees charged by 401k service providers and investment funds. Last week, the Department of Labor released a lengthy study - directed at both employers aJERRY GEISEL WASHINGTON -...
WASHINGTON, March 9 /U.S. Newswire/ -- Each year, approximately 1,650 401k plans holding $868 million in assets and covering 33,000 workers are abandoned. Today, the U. S. Department of Labor announced proposed rules to allow financial institutions to WASHINGTON, March 9 /U.S. Newswire/ -- Each year, approximately 1,650 401k...
The Labor Department has been taking a long look at the time it takes employers to deposit employee 401k contributions. By summer, officials say, the department plans to propose a rule reducing the time companies have to make such deposits. The Labor Department has been taking a long look...
As human resources manager for Mohawk Industries Inc., Betty Shepard says she has been asked questions about 401k portfolios that she can't handle. As human resources manager for Mohawk Industries Inc., Betty Shepard says she has been asked questions about 401k portfolios that she...
The Department of Labor should establish rules governing when financial service firms may offer their own mutual funds as investment vehicles in the 401k plans they provide for their employees. The question is why hasn't the DOL already done so. The Department of...
How much time should an employer have to transfer employees' 401k plan salary deferrals from general corporate assets to the plan itself? While we don't have an exact answer, we know that just one day - the amount of time the Labor Department is proHow much...
The U.S. Department of Labor DOL has revised the instructions to BRS Form 5500 to require plan auditors to review the deposit of 401k elective deferral contributions and to confirm that the plan sponsor has deposited these contributions in a timely manner. The DOL is using plan auditors to enforce...
Byline: Susan Kelly The federal government is trying company executives' patience. Again. This time, it's the Department of Labor, which has yet to issue final regulations on default investments for 401k plans. And, according to some experts, Byline: Susan Kelly...
The Department of Labor DOL has issued a report delineating 10 warning signs that signal that employers are misusing employees' 401k salary reduction savings plans plan contributions. The 10 warning signs include: 401k statements are consistently laThe Department of Labor DOL has issued a report delineating 10 warning signs that...
For lawmakers in Washington, the thousands of employees who lost their retirement savings had to be the most wrenching aspect of the Enron Corp. scandal. But in the brave new post-Enron world, federal regulators are determined to see that com ...
Byline: Jenna Gottlieb Defined contribution plan executives are beefing up disclosure on plan fees to participants, well ahead of regulatory guidance expected by the end of the year. Duke Energy Corp., Charlotte, N.C.; American Electric Power Co Byline: Jenna Gottlieb ...
