Retirement plan advisers should think twice before making cryptocurrency an investment option in a 401(k) plan, the DOL warned Thursday, vowing to investigate those who do. The Department of Labor has noticed over the last few months that financial services ...

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, ...

A man who helped siphon hundreds of thousands of dollars from Texas retirees was sentenced last week to eight years in prison. Olumide Morakinyo, 38, a Nigerian national who was living in Canada, was found guilty in U.S. District Court ...