Phyllis C. Borzi

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  DOL seeks help on income illustrations rules

  By Elizabeth D. Festa  |  May 8, 2013

  The U.S. Department of Labor’s Employee Benefits Security Administration is considering regulations governing the use of lifetime income illustrations that are given to participants in defined contribution pension plans.

• DOL, Sherwin-Williams reach $80 million settlement

  By Amanda McGrory-Dixon  |  February 22, 2013

  The U.S. Department of Labor and Cleveland-based Sherwin-Williams Co. have agreed to an $80 million settlement in which those funds are to be distributed to current and past participants of its employee stock purchase and savings plan.

• EBSA launches 401(k) fee disclosure website for consumers

  By Paula Aven Gladych  |  September 20, 2012

  The U.S. Department of Labor’s Employee Benefits Security Administration is offering a new 401(k) fee disclosure website for consumers.

• EBSA launches electronic system to report fee disclosure problems

  By Paula Aven Gladych  |  September 18, 2012

  Plan sponsors seeking fiduciary relief for a service provider’s failure to comply with the plan-level fee disclosure rule can use an online filing tool.

• Illinois company ordered to repay $2.76 million to retirement plan

  By Paula Aven Gladych  |  August 31, 2012

  A federal court in Chicago has ordered a company to restore nearly $2.8 million to its retirement plan.

• USI Advisors must pay $1.27 million to pension plans for ERISA violations

  By Paula Aven Gladych  |  August 24, 2012

  USI Advisors Inc. has agreed to pay nearly $1.3 million to 13 pension plans to resolve alleged violations of the Employee Retirement Income Security Act.

• DOL sues to restore more than $34 million in pension funds

  By Amanda McGrory-Dixon  |  August 21, 2012

  The DOL is pressuring Metavation LLC to restore more than $34 million in assets to two pension funds that were allegedly used in violation of the Employee Retirement Income Security Act.

• EBSA provides new web tool for reporting delinquent 408(b)(2) disclosures

  By Paula Aven Gladych  |  July 25, 2012

  The EBSA has put in place new procedures to allow plan sponsors to report delinquent defined contribution plan fee disclosures.

• Chicago forum will address women's retirement savings

  By Paula Aven Gladych  |  July 20, 2012

  The DOL will host a free women's retirement savings forum on July 28, at the University of Illinois-Chicago.

• Clark Graphics ordered to restore worker retirement plans

  By Amanda McGrory-Dixon  |  July 19, 2012

  A federal judge has ordered Mary Clark, president of Clark Graphics, in Columbus, Ohio, to restore $505,551 to the company’s two employee retirement plans following a lawsuit filed by the U.S. Department of Labor.