The U.S. Department of Labor (DOL) is of particular interest to me these days.
In short, these two agencies, the SEC and DOL, have confirmed the problems are real.
Soon thereafter the DOL released a checklist of questions pensions should ask of their consultants.
The June 1, 2005 joint release by the SEC and the DOL is hugely significant.
Unsure whether Google was considered her employer, Karin called the DOL to get an answer.
Siedle: From your perspective, has the DOL been doing enough to protect 401k participants?
The DOL has indicated that excess fees can greatly reduce account values at retirement.
The DOL would add 50 new information fields, none of which are required statute.
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At this time the issue sits before the SEC, DOL, PBGC and the nation as a whole.
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In late 2003, both the SEC and DOL asked my firm for assistance in investigating pension matters.
Over the years the SEC, GAO, DOL, Attorneys General and judges have all confirmed my early analysis.
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Such payments are "uncharted territory" and questions of eligibility are "very case specific, " according to a DOL spokesman.
The independent fiduciaries the DOL and PBGC routinely hire also lack expertise in ferreting out investment management wrongdoing.
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Well, now the SEC and the DOL have confirmed there are real problems.
At best, the DOL is playing catch-up and at worst, I fear that special interests will dilute their efforts.
In May, 18 years after COBRA's enactment, the Department of Labor (DOL) issued final rules spelling it all out.
Failing to assess the plans compliance to ERISA and DOL rules and regulations.
"We want to start offering shares in Danamodal to foreigners right from the start, " says CEO Daud Dol Moin.
Employers screamed, and in July the DOL backed off that Nanny State position.
Witz: This has changed since the Supreme Court issued its opinion in LaRue and the DOL issued the proposed 408(b)(2) regulations.
The DOL has taken the position that for the exemption to apply, all of the factors listed above must be met.
Public Pensions: Investigations of public pensions, neither governed by ERISA nor regulated by the DOL can raise additional sensitive political issues.
Some companies are aware that the DOL requires that they hire an expert if they do not have the expertise.
Rescues have happened at Riverside Caravan Park in Llandre, Mill House Caravan Park at Dol-y-bont and Sea Rivers caravan park, Ynyslas.
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In June, the Department of Labor (DOL) proposed new rules that would make the application process much more time-consuming and expensive.
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The OIG rightly recommended the DOL continue to seek repeal of the limited scope audit exemption, as it has (unsuccessfully) since 1984.
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Unfortunately, that is exactly how DOL thought they should be thinking.
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As background, the 401(k) rules from the DOL and IRS are complex.
Completeness and accuracy now create a heavy burden for employers and essentially empower the DOL to investigate preemptively in violation of the law.
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Although DOL has not released specific language for the proposed regulations, the agency has made clear that it intends to effect sweeping changes.
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