EBSA has busy December

The Department of Labor and its Employee Benefits Security Administration have been busy recently, working on behalf of plan participants.

By Marlene Y. Satter | December 30, 2015 at 08:56 AM

Santa Claus isn't the only one who's been busy this month.

The Department of Labor and its Employee Benefits Security Administration were putting in some intensive efforts as well, on behalf of plan participants in several different actions.

Read: Case against jumbo 401(k) claims self-dealing, excessive fees

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Pension risk transfer lawsuit rulings: Lockheed Martin case advances, but Alcoa suit dismissed

By Lynn Cavanaugh | April 02, 2025

Both firms, and many more, have been sued by employees in class action lawsuits over the PRT deals made with insurance company Athene Annuity & Life, alleging the firm "breached their fiduciary duties," however, district courts issued split rulings on these 2 cases.

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Democratic officials urge SEC, DOL to protect ESG investing, post American Airlines 401(k) lawsuit

By Lynn Cavanaugh | February 21, 2025

After a federal judge ruled that American Airlines violated its ERISA duties by focusing on ESG factors in choosing investments, a coalition of Democratic city and state officials sent letters to the SEC and DOL, urging them to protect ESG investing.

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By Lynn Cavanaugh | February 20, 2025

More than 600,000 American companies could be at risk of fines, legal penalties and fiduciary failure for failing to auto-enroll, offer qualified investments or transmit payments on time, according to Abernathy Daley 401k Consultants.

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EBSA has busy December

Recommended For You

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

1 Alternative Health Plan Designs: Key to Keeping Employers in the Market?

2 From Pain to Performance: Cutting-Edge Strategies to Reduce MSK, Metabolic, and Mental Health Costs

3 If the Supreme Court kills 'free' ACA preventive care rules, what then?

4 Even 'good' employers face rising risk of lawsuits over health plan costs

5 Trump’s new trade tariffs may hit over 400 Canadian-made drugs, cause shortages

Pension risk transfer lawsuit rulings: Lockheed Martin case advances, but Alcoa suit dismissed

Democratic officials urge SEC, DOL to protect ESG investing, post American Airlines 401(k) lawsuit

Most 401(k)s have at least 1 fiduciary ‘red flag’ violation: Is yours at risk?

BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

Instant Insights /

EBSA has busy December

Recommended For You

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

Trending Stories

1 Alternative Health Plan Designs: Key to Keeping Employers in the Market?

2 From Pain to Performance: Cutting-Edge Strategies to Reduce MSK, Metabolic, and Mental Health Costs

3 If the Supreme Court kills 'free' ACA preventive care rules, what then?

4 Even 'good' employers face rising risk of lawsuits over health plan costs

5 Trump’s new trade tariffs may hit over 400 Canadian-made drugs, cause shortages

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Pension risk transfer lawsuit rulings: Lockheed Martin case advances, but Alcoa suit dismissed

Democratic officials urge SEC, DOL to protect ESG investing, post American Airlines 401(k) lawsuit

Most 401(k)s have at least 1 fiduciary ‘red flag’ violation: Is yours at risk?

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