Labor department/EBSA

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  1. Daughters of Charity Health System church plan challenged

    trueAnother church-affiliated hospital system is being sued by employees challenging its defined benefit plan’s exemption from federal pension law.

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  1. Guidance, flexibility offered in cash balance rules

    trueCash balance plan sponsors got a compliance road map and added flexibility in picking expected rates of return when final regulations on the hybrid plans were issued by the Treasury Department and Internal Revenue Service.

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  2. ERISA at 40

    trueWhile the Employee Retirement Income Security Act of 1974 benefited millions of people, it did not live up to the “retirement income security” part of its name. Along with praise for what ERISA did accomplish, there are now calls for fixing what it did not.

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  3. Lessons learned from ERISA

    trueERISA was a farsighted law in many aspects, especially in defining and assigning fiduciary responsibility, including prohibition on conflicts of interests, to those overseeing pension funds. But ERISA in the long term failed to expand defined benefit coverage.

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  4. DOL issues RFI for guidance on brokerage windows in retirement plans

    trueThe Department of Labor issued a request for information to determine whether it should issue additional regulations and/or guidelines for brokerage windows in retirement accounts covered by the Employee Retirement Income Security Act.

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  5. Robert Nagle, an architect of ERISA, dies at 84

    trueRobert E. Nagle, who as general counsel of the Senate Committee on Labor and Public Welfare was one of the architects of the Employee Retirement Income Security Act of 1974, died on Saturday night in McLean, Va., following a battle with cancer. He was 84.

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  6. Credit Suisse seeks sentencing delay until decision on asset management waiver

    trueCredit Suisse is asking for its sentencing in a tax evasion case to be moved to at least Nov. 1 to give the U.S. Department of Labor enough time to decide whether to grant the bank a waiver to continue managing retirement plan assets.

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  7. GAO urges Form 5500 improvements

    trueFederal pension regulators could do more to improve the reporting of investment and fee information on Form 5500, the Government Accountability Office said in a report issued Monday.

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  8. BNP Paribas seeks asset management exemption from DOL

    trueBNP Paribas Investment Partners is seeking a regulatory exemption from the Department of Labor to retain its QPAM status to manage retirement plan assets.

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  9. DOL fee-disclosure guide upsetting DC record keepers

    trueMembers of the defined contribution industry have had three months to try to digest a Department of Labor proposed rule on fee disclosure, and many of them are choking on it.

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  10. Rocaton system distills Form 5500 data

    trueHave you absolutely had it with navigating your way through Department of Labor Form 5500 filings in search of information about U.S. corporate pension funds?

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  11. Labor Department proposal all about location

    trueThe Department of Labor has proposed that service providers create a guide for defined contribution plans to identify where fee-disclosure information is located.

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  12. ERISA Advisory Council nominations sought

    trueThe Department of Labor is looking for people to serve on its ERISA Advisory Council.

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  13. GreatBanc settles improper ESOP valuation case

    trueGreatBanc Trust Co. agreed to pay $5.25 million to settle charges of improper valuation of the Sierra Aluminum Co. employee stock ownership plan.

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