Industry

October 19, 2016

US Labor Department sues Sentry Equipment Erector’s ESOP fiduciaries for failing to protect plan assets during multi-million dollar purchase of company

WASHINGTON – The U.S. Department of Labor has filed a lawsuit against the fiduciaries of a Virginia-based employee stock ownership plan, alleging the defendants failed to […]
October 27, 2016

US Labor Department issues compliance guidance for employee benefit plans in wake of Hurricane Matthew, related disruptions

WASHINGTON – In light of the devastation following Hurricane Matthew, the U.S. Department of Labor’s Assistant Secretary of Labor for Employee Benefits Security Phyllis C. Borzi […]
October 27, 2016

US Labor Department resolves lawsuit to restore funds owed to Dell Inc. retirement plan in Monticello, Minnesota

Date of Action: Oct. 25, 2016 Type of Action: Employee Retirement Income Security Act Lawsuit Names of Defendants: Todd Olson, Dell Inc., Dell Inc. Simple IRA […]
November 1, 2016

US Labor Department releases advance copies of 2016 Form 5500 Annual Return/Report

WASHINGTON – The U.S. Department of Labor’s Employee Benefits Security Administration, the Internal Revenue Service, and the Pension Benefit Guaranty Corporation today released advance informational copies […]