The DOL’s Employee Benefits Security Administration recovered about $2.4 billion and closed nearly 1,100 civil investigations in fiscal 2021, figures that were down slightly from those in 2020. The agency, which published the numbers Tuesday, fielded more than 175,000 inquiries, ...

The Department of Labor has issued a proposed rule that would empower ERISA fiduciaries to consider environmental, social and governance factors when making investment decisions on behalf of plan participants and when voting corporate proxy ballots. The proposal reverses the ...

The DOL today issued its much-anticipated rule for the use of ESG investments in retirement plans, effectively walking back two Trump-era rules that were finalized last year. In the single rule proposal, “Prudence and Loyalty in Selecting Plan Investments and ...

The Department of Labor recently closed an 18-year-old case it has pursued against a former lawyer who was found liable for diverting tens of millions of dollars from employee life insurance plans. Defendants in the long-running case, including former Bridgeport, ...

A group of House Democrats on Thursday sought assurance from the Department of Labor that it will reverse Trump-era rules that have discouraged the use of ESG factors in retirement plans. In a letter to Labor Secretary Marty Walsh, Reps. ...