US Labor Department recovers nearly $8 million in back wages, fringe benefits and 401(k) plan assets from defunct security company

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…

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US Labor Department publishes final regulation to improve access to quality investment advice

Regulation implements prohibited transaction exemption under 2006 Pension Protection Act WASHINGTON — The U.S. Department of Labor’s Employee Benefits Security Administration today issued a final regulation that will enhance retirement security by improving workers’ access to quality fiduciary investment advice. The regulation implements a prohibited transaction exemption under an amendment…

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