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DOL cracks down on employer 401(k) issues

The Department of Labor website is overflowing with cases of regulators taking action against employers accused of mishandling employee benefit plans.

DOL Expands Definition of ‘Fiduciary’

ERISA Source: PLANSPONSOR By Judy Ward For the first time in a generation, the Labor Department has taken another crack at the definition of a fiduciary under the Employee Retirement Income Security Act (ERISA). The proposed rule was unveiled today by the Department of Labor (DoL), which noted that its adoption “would protect beneficiaries of … Continued