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U.S. Dept. of Labor Provides Guidance to...

Recently, in United States v. Windsor, the Supreme Court ruled that Section 3 of the Defense of Marriage Act (DOMA) is unconstitutional. This ruling impacts the definition and application of the terms “spouse” and “marriage” in federal statutes, and has implications on federal benefits and obligations. Under Section 3 of DOMA, in any Federal statute, “spouse” refers to a...

Retirement News for Employers – Wi...

Fee Disclosure for Plan Fiduciaries On February 3, DOL/EBSA published a final rule that will provide employers who sponsor pension and 401(k) plans with information about the administrative and investment costs associated with providing such plans. This rule requires service providers to furnish information to enable fiduciaries to determine both the reasonableness of compensation paid...

Labor Sec. Announces 2012 ERISA Advisory...

WASHINGTON – Secretary of Labor Hilda L. Solis today announced the appointments of five new members to the 2012 Advisory Council on Employee Welfare and Pension Benefit Plans – known as the ERISA Advisory Council. She also announced the appointment of the incoming chair and vice chair of the council. “The security of health and retirement benefits is an issue of...

US Labor Department recovers nearly $8 m...

More than 2,000 security guards nationwide to benefit from bankruptcy settlement SILVER SPRING, Md — The U.S. Bankruptcy Court for the District of Maryland has approved a global settlement that allows the U.S. Department of Labor to recover $7,968,744 in back wages, fringe benefits and 401(k) plan assets for more than 2,000 security guards formerly employed by USProtect Corp., a...

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