Tag: DOL

Make Sure You Take Sufficient Steps to Find Missing Participants

The U.S. Department of Labor (DOL)’s guidance for locating missing participants in the event of a plan termination has become more widely accepted for finding such participants in a variety of scenarios. But the guidance does not clearly state at what point the retirement plan fiduciary has met its obligation to track down missing participants […]

IRS

Missing Participants Errors Now Top DOL, IRS Audit Focus, Nudging Out Late Payroll Deposits, Winston & Strawn Says

Federal agency audits are never far from the minds of employer retirement plan sponsors and their third-party administrators (TPAs), but knowing which recurring errors and internal controls most interest the Department of Labor (DOL) and the Internal Revenue Service (IRS) right now can be helpful in avoiding or preparing for such inquiries.

leave

3 Benefits of Offering More Inclusive Paternity Leave

The United States is still one of the only developed nations that doesn’t federally mandate some sort of paternity leave for new fathers or domestic partners. And where new fathers or domestic partners are eligible for paternity leave, it’s usually only available for around 2 weeks and doesn’t provide eligible employees with their full rate […]

Time to Review Unpaid Intern, Youth Hiring Rules

Summer is right around the corner and for employers that hire minors or use college students as unpaid interns, you should take the time to review your hiring practices to make sure they are in compliance with federal law.

retirement

DOL Continues Fiduciary Rule Enforcement Relief, But Confusion Remains

The U.S. Department of Labor (DOL) confirmed that neither it nor the Internal Revenue Service (IRS) would punish prohibited transaction exemption (PTE) violations by investment advice professionals who are fiduciaries working in good faith to comply with impartial conduct standards.

DOL Reportedly Mulling Easing Rules on Teens in Hazardous Jobs

The U.S. Department of Labor (DOL) is reportedly planning to change rules on youth employment so that more teens would be allowed to train to work in jobs deemed hazardous. But attorneys focusing on employment law issues warn that even if the change takes place, employers will still need to keep safety a priority and […]

depression

DOL Expands on MHPAEA Guidance for Applying Treatment Limits

The U.S. Department of Labor (DOL) proposed a new round of guidance on the Mental Health Parity and Addiction Equity Act (MHPAEA), elaborating on the law’s application to various plan design features that may be deemed to treat mental health benefits unfairly.